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.
On the Map
$2,200,000
$507/SF
Retail
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Players
Somerville 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93