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87 Broadway, Saugus, Massac...

87 Broadway, Saugus Retail Leased To Airgas By Maker Capital
LEASEDRetail

87 Broadway, Saugus Retail Leased To Airgas By Maker Capital

87 Broadway, Saugus, Massachusetts 01906, United States

$538,676

$538,676/SF

Building Size

3,660 SF

Asset Type

Retail

Closing

Nov 1, 2022

AI

Located at 87 Broadway in Saugus, MA, this retail property has recently been leased by Airgas. The property is owned by 87 Broadway LLC and was represented in the deal by broker David Maker of Maker Capital.

Summary of transaction details

  • Property Type: Retail
  • Address: 87 Broadway, Saugus, MA
  • Tenant: Airgas
  • Landlord: 87 Broadway LLC
  • Broker: David Maker - Maker Capital
  • Asking Rent: $538,676.06/Year
  • Square Footage: 3,660 SF

Airgas, an Air Liquide company, is one of the largest suppliers of industrial, medical, and specialty gases in the United States. They also provide safety products and ammonia products. David Maker and Maker Capital have extensive experience in lease negotiations and were able to facilitate a successful transaction for Airgas.

If you're looking for a space for your business, whether it's retail, office, or medical, Maker Capital's Commercial team can assist you in finding the right location. With access to a large investor pool in Boston and a track record of understanding clients' needs, they can help you navigate the lease negotiation process and achieve your objectives.

Players

David Maker

Broker

$3M

vol

7 deals

Broker
8L
87 Broadway LLCLandlord
A
AirgasTenant

Saugus Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

29.45%

Cash-on-Cash

-8.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93