Updated Oct 28, 2024
City Storage Systems, LLC Acquires Retail Property In Somerville, MA For $2.2M
352 Washington Street, Somerville, Massachusetts 02143, United States
$2,200,000
$507/SF
Building Size
4,338 SF
Asset Type
Retail
Closing
Oct 27, 2022
About this deal
AI
The retail property located at 352 Washington Street in Somerville, MA has been sold for $2,200,000. The transaction took place on 10/28/2022. The property spans 4,338 square feet, resulting in a price per square foot of $507.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 352 Washington Street, Somerville, MA
- Market: Somerville, MA
City Storage Systems, LLC successfully completed the purchase of the property from 352 Washington St, LLC. The deal was facilitated by Neil Denenberg of Denenberg Realty Advisors.
Players
Somerville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Neil Denenberg to view all their deals.
Browse Massachusetts retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93