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Christian Brannelly Of Chestnut Realty Management Acquires Woburn Plaza From Linear Retail Properties For $11.2M

Property Image
SOLD
$11,200,000
Nat Heald
Kyle Juszczyszyn
Jordana Rice Roet
+ 1

Massachusetts

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Retail31,994 SF
Sold 12/02/2024
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Property Image
SOLD

Christian Brannelly Of Chestnut Realty Management Acquires Woburn Plaza From Linear Retail Properties For $11.2M

299 Mishawum Road

See Similar Deals
Retail31,994 SF
Sold 12/02/2024
Nat Heald
Kyle Juszczyszyn
Jordana Rice Roet
+ 1
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$350
Total Square Footage:31,994 SF
Transaction Type:Sale

The transaction involved a retail property asset located at 299 Mishawum Road in Woburn, MA. The shopping center spans 31,994 square feet and was sold for $11,200,000, equating to a price per square foot of $350.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,200,000
  • Buyer: Christian Brannelly - Chestnut Realty Management
  • Seller: Aubrey Cannuscio & Joel Kadis - Linear Retail Properties
  • Brokers: Connor Scott, Jordana Rice Roet, Kyle Juszczyszyn & Nat Heald - CBRE
  • Square Footage: 31,994
  • Price per Square Foot: $350

Chestnut Realty Management acquired the property from Linear Retail Properties, marking a significant investment in the retail market near Boston. This transaction highlights the involvement of key brokerage professionals from CBRE in the process.

Players

Nat Heald
CBRE
Nat Heald
20 deals$885.9M volume
BROKER
Kyle Juszczyszyn
CBRE
Kyle Juszczyszyn
3 deals$202.6M volume(617) 413-7960
BROKER
Jordana Rice Roet
CBRE
Jordana Rice Roet
7 deals$150.3M volume
BROKER
Connor Scott
CBRE
Connor Scott
4 deals$99.9M volume(317) 269-1076
BROKER

Details

SOLD
IMAGE: Christian Brannelly, Joel Kadis, Aubrey Cannuscio, Connor Scott, Kyle Juszczyszyn & Nat Heald DATE: 12/02/2024 ADDRESS: 299 Mishawum Road MARKET: Woburn, MA ASSET TYPE: Retail BUYER: Christian Brannelly - Chestnut Realty Management SELLER: Aubrey Cannuscio & Joel Kadis - Linear Retail Properties (@LinearRetail) BROKERS: Connor Scott, Jordana Rice Roet, Kyle Juszczyszyn & Nat Heald - CBRE (@CBRE) SALE PRICE: $11,200,000 SF: 31,994 ~ PPSF: $350 NOTE: Chestnut Realty Management acquired Woburn Plaza, a 31,994-square-foot shopping center near Boston, for $11.2M from Linear Retail Properties.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$597,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,791.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,093.71
Annual Debt Service$637,124.57