Updated Oct 29, 2024
Apex Computers, Inc Acquires Retail Property In Malden, MA For $1.6M
605 Broadway, Malden, MA, USA
$1,600,000
$202/SF
Building Size
7,915 SF
Asset Type
Retail
Closing
Dec 29, 2020
About this deal
AI
Apex Computers, Inc has purchased a retail property located at 605 Broadway in Malden, MA. The transaction was facilitated by Fransisco Baez from MANSARD Commercial Real Estate Advisor. The property was sold for a total price of $1,600,000, with a square footage of 7,915. The price per square foot was calculated to be $202.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,600,000
- Date: 12/30/2020
- Address: 605 Broadway, Malden, MA
- Market: Malden, MA
- Buyer: Apex Computers, Inc
- Broker: Fransisco Baez - MANSARD Commercial Real Estate Advisor
- Square footage: 7,915
- Price per square foot: $202
This transaction showcases the successful acquisition of a retail property by Apex Computers, Inc. Fransisco Baez from MANSARD Commercial Real Estate Advisor played a crucial role as the broker representing both parties in the deal.
Players
Malden 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93