Christian Brannelly Of Chestnut Realty Management Acquires Woburn Plaza From Linear Retail Properties For $11.2M
299 Mishawum Road
$11,200,000
$350/SF
Building Size
31,994 SF
Asset Type
Retail
Closing
Dec 2, 2024
AI
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
Woburn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93