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Freudenheim Partners Arranges Sale Of 12 Atlantic Avenue Retail Property In Marblehead For $1.495M
SOLD
$1,495,000
Massachusetts
See Similar DealsRetail3,450 SF
Sold 09/10/2025
SOLD
Freudenheim Partners Arranges Sale Of 12 Atlantic Avenue Retail Property In Marblehead For $1.495M
12 Atlantic Avenue
See Similar DealsRetail3,450 SF
Sold 09/10/2025
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$433
Total Square Footage:3,450 SF
Transaction Type:Sale
12 Atlantic Avenue is a fully leased retail/office property located in Marblehead, MA, with a total square footage of 3,450. The property was sold for $1,495,000, representing a price per square foot of $433.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,495,000
- Address: 12 Atlantic Avenue
- Market: Marblehead, MA
- Square Footage: 3,450
- Price per Square Foot: $433
Freudenheim Partners facilitated the transaction, with Anthony Biette representing the seller in the sale of the property located at 12 Atlantic Ave.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,311.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,087.06
Annual Debt Service$85,044.75
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