Bridge Investment Group Acquires Retail Property At 185 Commercial Street In Malden For $175M
185 Commercial Street & 197 Commercial Street
$175,000,000
Building Size
—
Asset Type
Retail
Closing
Mar 14, 2025
AI
The property involved in this transaction is a retail asset located at 185 Commercial Street, within the Malden market. The transaction was completed at a price of $175,000,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $175,000,000.00
- Buyer: Bridge Investment Group
- Seller: NorthBridge Partners
- Transaction Date: 03/14/2025
This deal was facilitated between the buyer, Bridge Investment Group, and the seller, NorthBridge Partners. The transaction represents a significant activity in the Malden market, reflecting the interests of both parties in the retail sector.
Players
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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93