Marcus & Millichap Sells Saugus, MA Retail Property For $3.7M
SOLD
$3,663,000
+ 3
Massachusetts
See Similar DealsRetail6 SF
Sold 10/27/2022
SOLD
Marcus & Millichap Sells Saugus, MA Retail Property For $3.7M
546 Broadway
See Similar DealsRetail6 SF
Sold 10/27/2022
+ 3
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$610,500
Total Square Footage:6 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$195,360.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,013.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,364.49
Annual Debt Service$208,373.87
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