Updated Oct 28, 2024
Kendal Capital, LLC Acquires Retail Property In Chelsea, MA For $14.0M
121 Webster Avenue, Chelsea, Massachusetts 02150, United States
$14,017,000
$194/SF
Building Size
72,172 SF
Asset Type
Retail
Closing
Jan 26, 2022
About this deal
AI
A 3.52-acre retail property located at 121 Webster Ave in Chelsea, MA has been sold for a total price of $14,017,000. The transaction took place on January 26, 2022, and the property encompasses a total of 72,172 square feet. The purchase price per square foot is $194, indicating the value of each unit within the retail space.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,017,000
- Address: 121 Webster Ave, Chelsea, MA
- Market: Chelsea, MA
- Acres: 3.52
Kendal Capital, LLC has acquired the property from CARU Chelsea, LLC in this transaction. Representing the buyer in the deal is Neil Denenberg from Denenberg Realty Advisors.
Players
Chelsea 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93