Updated Apr 4, 2025
Home Depot Acquires Retail Property At 615 Arsenal Street Watertown For $72 Million
615 Arsenal Street
$72,000,000
$569/SF
Building Size
126,460 SF
Asset Type
Retail
Closing
Apr 4, 2025
About this deal
AI
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.
Players
Watertown Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
About $569 per square foot on a published $72M for 126,460 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93