Mount Auburn Street Property Owner LLC Acquires Watertown Square Plaza In $12.9M Deal
45 Mount Auburn Street, Watertown, Massachusetts 02472, United States
$12,900,000
$806/SF
Building Size
16,000 SF
Asset Type
Retail
Closing
Sep 15, 2022
AI
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.
Players
Watertown 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
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93