Updated Oct 28, 2024
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
About this deal
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
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