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Home Depot Acquires Retail Property At 615 Arsenal Street Watertown For $72 Million
SOLD
$72,000,000
Massachusetts
See Similar DealsRetail126,460 SF
Sold 04/04/2025
SOLD
Home Depot Acquires Retail Property At 615 Arsenal Street Watertown For $72 Million
615 Arsenal Street
See Similar DealsRetail126,460 SF
Sold 04/04/2025
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$569
Total Square Footage:126,460 SF
Transaction Type:Sale
A retail asset located at 615 Arsenal Street in Watertown, MA has been sold for $72 million. The property spans 126,460 square feet, resulting in a price per square foot of $569.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $72,000,000
- Buyer: Edward Decker - Home Depot
- Seller: Mark Deschenes - Boylston Properties & J.P. Morgan Global Alternatives
- Market: Watertown, MA
- Square Footage: 126,460
- Price Per Square Foot: $569
The transaction involved Edward Decker representing Home Depot as the buyer, while Mark Deschenes represented the joint venture of Boylston Properties and J.P. Morgan Global Alternatives as the seller. This joint venture acquired the property in January 2022 for $96.25 million.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,840,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$255,800.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$341,316.73
Annual Debt Service$4,095,800.79
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