Updated Sep 5, 2024
Retail Property In Waltham, MA Sold For $5.7M By The NNN Pro Group - Marcus & Millichap
1111 Lexington Street, Waltham, Massachusetts 02452, United States
$5,743,243
$1,689/SF
Building Size
3,400 SF
Asset Type
Retail
Closing
Mar 15, 2022
About this deal
AI
Located at 1111 Lexington Street in Waltham, MA, this retail property was recently sold in a closed transaction. The deal was facilitated by brokers Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from The NNN Pro Group at Marcus & Millichap. The property spans a total of 3,400 square feet and was sold for a price of $5,743,243, resulting in a price per square foot of $1,689.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,743,243
- Address: 1111 Lexington Street, Waltham, MA
- Market: Waltham, MA
- Brokers: Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia - The NNN Pro Group - Marcus & Millichap
This successful transaction was led by brokers Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from The NNN Pro Group at Marcus & Millichap. Their expertise and negotiation skills played a crucial role in finalizing the deal. The sale of this retail property showcases their commitment to providing quality service and achieving favorable outcomes for their clients.
Players
Waltham 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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93