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Michael Alves Acquires Retail Strip Center In Malden For $1.2M

Property Image
SOLD
$1,200,000

Massachusetts

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Retail3,323 SF
Sold 07/12/2024
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Property Image
SOLD

Michael Alves Acquires Retail Strip Center In Malden For $1.2M

Retail3,323 SF
Sold 07/12/2024
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$361
Total Square Footage:3,323 SF
Transaction Type:Sale

Located in Malden, MA, the property at 475-481 Ferry Street is a 3,323 square-foot retail strip center that was recently sold for $1.2 million. The fully occupied center features street parking, making it a convenient spot for businesses and customers alike.

Summary of transaction details:

Michael Alves, representing Pace Energy Corp., played a crucial role in facilitating the sale of this retail property. The $1.2 million transaction involved a successful negotiation between the buyer and the seller, ensuring that both parties achieved their objectives in the deal.

Players

Michael Alves
5 deals$6.4M volume
BROKER

Maria Dipierro
1 deal$1.2M volume(617) 543-3607
BROKER

Details

SOLD
IMAGE: Michael Alves & Maria Dipierro DATE: 07/12/2024 ADDRESS: 475-481 Ferry Street MARKET: Malden, MA ASSET TYPE: Retail SELLER: 75-481 Ferry St LLC BUYER'S REP: Michael Alves - Keller Williams (@KellerWilliamsRealty) SELLER'S REP: Maria Dipierro - Atlantic Realty Services SALE PRICE: $1,200,000 SF: 3,323 ~ PPSF: $361 NOTE: Michael Alves, representing Pace Energy Corp., facilitated the $1.2 million purchase of 475-481 Ferry St., a fully occupied, 3,323 square-foot retail strip center with street parking.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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