Mount Auburn Street Property Owner LLC Acquires Watertown Square Plaza In $12.9M Deal
SOLD
$12,900,000
Massachusetts
See Similar DealsRetail16,000 SF
Sold 09/16/2022
SOLD
Mount Auburn Street Property Owner LLC Acquires Watertown Square Plaza In $12.9M Deal
45 Mount Auburn Street, Watertown, Massachusetts 02472, United States
See Similar DealsRetail16,000 SF
Sold 09/16/2022
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$806
Total Square Footage:16,000 SF
Transaction Type:Sale
Mount Auburn Street Property Owner LLC has purchased a retail property located at 45-59 Mt Auburn Street in Watertown, MA. The property has a land size of 1.51 acres and consists of 16,000 square feet of space. The sale took place on September 16, 2022, and the transaction was valued at $12,900,000 with a price per square foot of $806.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,900,000
- Address: 45-59 Mt Auburn Street, Watertown, MA
- Market: Watertown, MA
- Land Size: 1.51 acres
- Square Footage: 16,000
Jerry Mazzeo & Andrew Mazzeo, from All Star Realty, served as the brokers in the deal between Mount Auburn Street Property Owner LLC and Watertown Square Plaza LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$688,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,830.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,152.58
Annual Debt Service$733,830.98
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