Updated Sep 9, 2024
Horvath & Tremblay Brokers $5.25M Retail Property Sale In Saugus, MA
600 Broadway
$5,250,000
$454/SF
Building Size
11,540 SF
Asset Type
Retail
Closing
Sep 29, 2022
About this deal
AI
The retail property located at 600 Broadway in Saugus, MA was recently sold in a closed transaction. The property spans 11,540 square feet and was sold for a price of $5,250,000, resulting in a price per square foot of $455.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,250,000
- Square Footage: 11,540
- Price per Square Foot: $455
- Address: 600 Broadway, Saugus, MA
- Market: Saugus, MA
The sale was facilitated by Bob Horvath & Todd Tremblay of Horvath & Tremblay, who acted as the seller's representatives in the transaction.
Players
Lynnfield 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93