facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Retail

/

Sale

/

605 Broadway, Malden, MA, USA

Apex Computers, Inc Acquires Retail Property In Malden, MA For $1.6M
SOLDRetail

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

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

Fransisco Baez

Broker

$1.6M

vol

1 deal

Broker

Malden Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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