Updated Dec 20, 2023
SRS Real Estate Partners Brokers $7.25M Retail Sale In Burlington, MA
201 Middlesex Turnpike, Burlington, Massachusetts 01803, United States
$7,250,000
$822/SF
Building Size
8,815 SF
Asset Type
Retail
Closing
Aug 25, 2022
About this deal
AI
Located at 201 Middlesex Turnpike in Burlington, MA, this retail property was recently sold in a closed transaction. The property spans 8,815 square feet and was listed by Matthew Mousavi, Patrick Luther, and Susan Harris of SRS Real Estate Partners. The sale took place on August 26, 2022, for a total price of $7,250,000. This translates to a price per square foot of $822.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,250,000
- Address: 201 Middlesex Turnpike, Burlington, MA
- Market: Burlington, MA
- SF: 8,815
- PPSF: $822
- Brokers: Matthew Mousavi, Patrick Luther, and Susan Harris - SRS Real Estate Partners
The deal was facilitated by Matthew Mousavi, Patrick Luther, and Susan Harris, who represented the buyer and seller in this transaction. Their expertise and knowledge in the real estate market were instrumental in the successful completion of the sale.
Players
Burlington 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
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93