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564 Broadway

Surmount Represents Seller And Buyer In $3.94M Retail Sale At 564 Broadway Saugus MA
SOLDRetail

Surmount Represents Seller And Buyer In $3.94M Retail Sale At 564 Broadway Saugus MA

564 Broadway

$3,937,500

$590/SF

Building Size

6,664 SF

Asset Type

Retail

Closing

Jun 5, 2025

AI

The property asset involved in the transaction is a retail space located at 564 Broadway in Saugus, MA. The sale concluded with a transaction amount of $3,937,500. The property spans a total of 6,664 square feet, translating to a price per square foot of $590.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,937,500
  • Address: 564 Broadway
  • Market: Saugus, MA
  • Square Footage: 6,664
  • Price Per Square Foot: $590

Surmount, along with their broker of record Bang-New England, Inc, successfully represented both the seller and buyer in this transaction, which involved the Mavis Discount Tire on Route 1 in Saugus, MA.

Players

Glen Kunofsky

Surmount

Broker

$768.6M

vol

106 deals

Broker
Surmount
SurmountBrokerage

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

4.03%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93