Updated Dec 4, 2024
Sterling Organization Acquires Retail Property In Braintree, MA For $44.2M
238 Grove St, Braintree, Massachusetts 02184, United States
$44,200,000
$254/SF
Building Size
173,798 SF
Asset Type
Retail
Closing
Jan 25, 2022
About this deal
AI
A retail property located at 238-310 Grove St in Braintree, MA has been sold for a price of $44,200,000. The property has a total square footage of 173,798 and a price per square foot of $254. The transaction took place on January 26, 2022. The property sits on a sizable 18.76-acre lot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $44,200,000
- Address: 238-310 Grove St, Braintree, MA
- Market: Braintree, MA
- Square Footage: 173,798
- Price per Square Foot: $254
- Lot Size: 18.76 acres
The buyer of the property is Sterling Organization. The sale was facilitated by brokers Nat Heald, Chris Angelone, and Zach Nitsche from JLL.
On the Map
$44,200,000
$254/SF
Retail
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Players
Braintree 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93