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
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
29.45%
Cash-on-Cash
-8.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93