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45 Mount Auburn Street, Wat...

Mount Auburn Street Property Owner LLC Acquires Watertown Square Plaza In $12.9M Deal
SOLDRetail

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

Andrew Mazzeo

All Star Realty, Inc.

Broker

$33.7M

vol

7 deals

Broker
ML
Mount Auburn Street Property Owner LLCBuyer
WL
Watertown Square Plaza LLCSeller

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