Updated Sep 5, 2024
Marcus & Millichap Sells Lynnfield Retail Property For $19.5M With Buyer's Rep Glen Kunofsky, Josh Kanter, & Anthony D’Ambrosia
600 Market St, Lynnfield, Massachusetts, USA
$19,500,000
$304/SF
Building Size
64,056 SF
Asset Type
Retail
Closing
Aug 24, 2021
About this deal
AI
The retail property at 600 Market St in Lynnfield, MA has been sold for a price of $19,500,000. This transaction took place on 08/24/2021. The property spans a total area of 64,056 square feet, resulting in a price per square foot of $304.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $19,500,000
- Address: 600 Market St, Lynnfield, MA
- Market: Lynnfield, MA
- Square Footage: 64,056
- Price per Square Foot: $304
The sale of this retail property was facilitated by brokers Glen Kunofsky, Josh Kanter, and Anthony D’Ambrosia from Marcus & Millichap.
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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93