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.
On the Map
$14,017,000
$194/SF
Retail
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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