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181 200 Salem St

Salem-Malden Realty LLC Acquires Retail Property In Malden From Michael Realty Trust For $1.65M
SOLDRetail

Salem-Malden Realty LLC Acquires Retail Property In Malden From Michael Realty Trust For $1.65M

181 200 Salem St

$1,650,000

Building Size

Asset Type

Retail

Closing

Jun 8, 2018

AI

The property asset involved in the transaction is a retail space located at 181 200 Salem St within the Malden market. The sale was finalized for a price of $1,650,000.00.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,650,000.00
  • Address: 181 200 Salem St
  • Market: Malden
  • Buyer: Salem-Malden Realty Llc
  • Seller: Michael Reatly Trust
  • Broker: Roberto Magno - Castlearch Property Advisors

Key individuals involved in the deal include Roberto Magno, who represented the transaction as the broker for the deal, ensuring communication and negotiation between the involved parties.

Players

Roberto Magno

Castlearch Property Advisors

Broker

$21.8M

vol

13 deals

Broker
SL
Salem-Malden Realty LlcBuyer
MT
Michael Reatly TrustSeller

Malden 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

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93