Updated Sep 5, 2024
Glen Kunofsky, Josh Kanter, & Anthony D'Ambrosia Acquires Retail Property In Watertown, MA For $16.15M
655 Mount Auburn Street, Watertown, Massachusetts 02472, United States
$16,150,000
$1,251/SF
Building Size
12,906 SF
Asset Type
Retail
Closing
Sep 22, 2022
About this deal
AI
Located at 655 Mt Auburn St in Watertown, MA, this retail property was recently sold in a closed transaction. The property spans over 12,906 square feet and was sold for a total price of $16,150,000, resulting in a price per square foot of $1,251.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,150,000
- Address: 655 Mt Auburn St, Watertown, MA
- Market: Watertown, MA
Glen Kunofsky, Josh Kanter, and Anthony D'Ambrosia from The NNN Pro Group - Marcus & Millichap represented the buyer in this transaction. On the other side, Kevin Held from SRS served as the seller's representative.
Players
Watertown 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93