Updated Sep 9, 2024
Marcus & Millichap Sells Saugus, MA Retail Property For $3.7M
546 Broadway
$3,663,000
$610,500/SF
Building Size
6 SF
Asset Type
Retail
Closing
Oct 27, 2022
About this deal
AI
The retail property located at 546 Broadway in Saugus, MA has been sold. The transaction took place on October 27, 2022, with a sale price of $3,663,000. The property spans 6,762 square feet, resulting in a price per square foot of $542.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,663,000
- Date: October 27, 2022
- Address: 546 Broadway, Saugus, MA
- Market: Saugus, MA
- Square Footage: 6,762
- Price Per Square Foot: $542
The sale was facilitated by Glen Kunofsky, Josh Kanter & Anthony D'Ambrosia of The NNN Pro Group at Marcus & Millichap. They were referred to the deal by Evan Griffith, Tony Pepdjonovic & Will Sanborn, also from Marcus & Millichap.
Players
Saugus 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
4.33%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93