David Katz & Raanan Katz Acquire Fully Occupied Retail Property On Cedar Street, Stoneham, MA For $20M

Located in Stoneham, MA, the retail property at 85 Cedar Street has recently been sold for $20,000,000. The transaction took place on December 28, 2020, with the seller being Harvey Gertel from STE Development and the buyers being David Katz & Raanan Katz. The property spans 120,861 square feet, resulting in a price per square foot of $165.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $20,000,000
• Address: 85 Cedar Street, Stoneham, MA
• Date: 12/28/2020
• Market: Stoneham, MA
• Seller: Harvey Gertel – STE Development
• Buyer: David Katz & Raanan Katz

The property is currently fully occupied by B.J.'s Wholesale & Gas, providing a stable and reliable income stream for the new owners.