SRS Real Estate Partners Acquires Retail Property In Newton, MA For $9.9M
1089 Washington Street, Newton, Massachusetts 02465, United States
$9,900,000
$1,980/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Nov 10, 2021
AI
Located at 1089 Washington St in Newton, MA, this retail property was recently sold in a closed transaction. The property spans approximately 5,000 square feet and was sold for a price of $9,900,000, resulting in a price per square foot of $1,980. The deal was facilitated by Danny Griffin and Eric Suffoletto, who represented the seller and buyer, respectively, through SRS Real Estate Partners and the SRS National Net Lease Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,900,000
- Address: 1089 Washington St, Newton, MA
- Market: Newton, MA
- Square Footage: 5,000
- Price per Square Foot: $1,980
- Brokers: Danny Griffin & Eric Suffoletto - SRS Real Estate Partners / SRS National Net Lease Group
Danny Griffin of SRS Real Estate Partners and Eric Suffoletto of the SRS National Net Lease Group were instrumental in bringing together the buyer and seller for this retail property transaction. Their expertise and representation ensured a successful transaction.
Players
Newton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93