Updated Sep 5, 2024
The NNN Pro Group Of Marcus & Millichap Sells Retail Property In Malden, MA For $8.275M
215 Beach Street
$8,275,000
$598/SF
Building Size
13,835 SF
Asset Type
Retail
Closing
Jul 14, 2022
About this deal
AI
The retail property located at 215 Beach Street in Malden, MA has been sold for a total price of $8,275,000. The property spans a total area of 13,835 square feet, resulting in a price per square foot of $598.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,275,000
- Square footage: 13,835
- Price per square foot: $598
- Address: 215 Beach Street, Malden, MA
- Market: Malden, MA
The sale of this retail property was facilitated by the brokerage team of Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from The NNN Pro Group of Marcus & Millichap.
Players
Santa Cruz 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
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93