Mount Auburn Street Property Owner LLC Acquires Watertown Retail Property For $12.9M
SOLD
$12,900,000
Massachusetts
See Similar DealsRetail16,000 SF
Sold 09/16/2022
SOLD
Mount Auburn Street Property Owner LLC Acquires Watertown Retail Property For $12.9M
45 Mount Auburn Street
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
The retail property located at 45-59 Mt Auburn Street in Watertown, MA has been sold in a transaction. The property was acquired by Mount Auburn Street Property Owner LLC from Watertown Square Plaza LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,900,000
- Square Footage: 16,000
- Price per Square Foot: $806
- Acres: 1.51
- Market: Watertown, MA
The deal was facilitated by brokers Jerry Mazzeo and Andrew Mazzeo from All Star Realty.
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Details
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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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