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162 Santilli Highway, Evere...

The Grossman Companies Acquires Retail Property In Everett, MA From Herb Chambers
SOLDRetail

The Grossman Companies Acquires Retail Property In Everett, MA From Herb Chambers

162 Santilli Highway, Everett, Massachusetts 02149, United States

$19,150,000

$637/SF

Building Size

30,038 SF

Asset Type

Retail

Closing

Jun 6, 2022

AI

The retail property located at 162 Santilli Hwy in Everett, MA has been sold in a recent transaction. The property, measuring 30,038 square feet, was sold for a total amount of $19,150,000, resulting in a price per square foot of $638. The sale took place on 06/07/2022.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $19,150,000
  • Square Footage: 30,038
  • Price per Square Foot: $638
  • Address: 162 Santilli Hwy, Everett, MA
  • Market: Everett, MA

The buyer in this transaction is The Grossman Companies, while the seller is Herb Chambers. The deal was facilitated by brokers Peter Considine and Sam Varsano from Atlantic Retail.

Players

Peter Considine

Atlantic Retail

Broker

$191.2M

vol

4 deals

Broker
TC
The Grossman CompaniesBuyer

Herb Chambers

Seller

$60.2M

vol

3 deals

Seller

Everett 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93