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
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