Airgas Leases Retail Space At 87 Broadway In Saugus, MA With Tenant's Rep David Maker - Maker Capital
87 Broadway, Saugus, MA 01906, USA
Building Size
3,660 SF
Asset Type
Retail
Closing
Nov 23, 2022
AI
87 Broadway in Saugus, MA has recently been leased by Airgas, an American supplier of industrial, medical, and specialty gases, as well as safety products and ammonia products and process chemicals. The property, with a total square footage of 3,660, was leased from 87 Broadway LLC for an annual rent of $538,676.06.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Asking Rent: $538,676.06/Year
- Square Footage: 3,660
- Address: 87 Broadway, Saugus, MA
- Market: Saugus, MA
David Maker from Maker Capital represented Airgas as their broker in this lease transaction. Maker Capital has a proven track record in lease negotiations and assisting clients in finding the right commercial spaces. Their expertise in site selection and understanding clients' needs has made them a trusted name in the Boston market.
If you're looking for assistance in leasing a property or satisfying 1031 objectives, Maker Capital's Commercial team can provide you with the market knowledge and investor pool needed for a successful transaction. Reach out to them to discuss your requirements and how they can help.
Players
Saugus Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93