Surmount And Marcus & Millichap Sell Speedway Gas Station In Gloucester For $4.46M
354 Main Street
$4,464,286
$6,377/SF
Building Size
700 SF
Asset Type
Retail
Closing
Jan 19, 2026
AI
A retail asset located at 354 Main Street in Gloucester, MA, was sold for a price of $4,464,286. The property encompasses approximately 700 square feet, resulting in a price per square foot of $6,377.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,464,286
- Address: 354 Main Street
- Market: Gloucester, MA
- Square Footage: 700
- Price Per Square Foot: $6,377
The Speedway gas station was sold through the collaboration of Surmount, representing the seller, along with their broker of record Bang Realty-New England, Inc., and Marcus & Millichap, where Peter Deltondo represented the buyer. Brokers involved include Peter Deltondo from Marcus & Millichap and Josh Kanter, Anthony D'Ambrosia, and Glen Kunofsky from Surmount.
Players
Gloucester 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
3.55%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93