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299 Mishawum Road

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

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

Nat Heald

CBRE

Broker

$885.9M

vol

20 deals

Broker

Woburn 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

1.42%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93