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Marcus & Millichap Brokers Sell Stoneham, MA Retail Property For $1.52M

Property Image
SOLD
$1,520,000

Massachusetts

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Retail5,254 SF
Sold 01/20/2021
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Property Image
SOLD

Marcus & Millichap Brokers Sell Stoneham, MA Retail Property For $1.52M

151 Main Street, Stoneham, Massachusetts, USA

See Similar Deals
Retail5,254 SF
Sold 01/20/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$289
Total Square Footage:5,254 SF
Transaction Type:Sale

The retail property located at 151 Main Street in Stoneham, MA has been sold for a price of $1,520,000. The property spans an area of 5,254 square feet, resulting in a price per square foot of $289.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,520,000
  • Date: 01/20/2021
  • Address: 151 Main Street
  • Market: Stoneham, MA

The deal was facilitated by Adam Cohen and Brett Kilar of Marcus & Millichap Boston. Prior to their involvement, the property had been unsuccessfully marketed by another firm. However, Marcus & Millichap's marketing efforts generated significant interest in the property, resulting in multiple offers within the first 48 hours of listing. Ultimately, the deal was awarded to a buyer with whom they had transacted several times before.

Players

Adam Cohen
10 deals$47.1M volume(818) 212-2250
BROKER

Brett Kilar
Marcus & Millichap
9 deals$42.8M volume(617) 896-7233
BROKER

Details

SOLD
IMAGE: Adam Cohen & Brett Kilar DATE: 01/20/2021 ADDRESS: 151 Main Street MARKET: Stoneham, MA ASSET TYPE: Retail BROKERS: Adam Cohen, & Brett Kilar - @marcusmillichap_boston SALE PRICE: $1,520,000 SF: 5,254 ~ PPSF: $289 NOTE: The property had been marketed, unsuccessfully, by another firm, before Marcus & Millichap took on the listing. Our marketing efforts generated significant interest in the opportunity, and we fielded multiple offers within the first 48 hours of listing the property, ultimately awarding the deal to a buyer with whom we had transacted several times before.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cash Flow (Annual)-$5,400.23
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