Daily limit: 0/10
Raanan Katz Of RK Centers Acquires Malden Retail Plaza At 99 Charles Street For $26.3M
SOLD
$26,275,000
Massachusetts
See Similar DealsRetail70,000 SF
Sold 10/16/2024
SOLD
Raanan Katz Of RK Centers Acquires Malden Retail Plaza At 99 Charles Street For $26.3M
99 Charles Street
See Similar DealsRetail70,000 SF
Sold 10/16/2024
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$375
Total Square Footage:70,000 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 99 Charles Street in Malden, MA. It encompasses a retail space with a total square footage of over 70,000 square feet situated on a nearly 9-acre site. The sale was finalized for a total amount of $26,275,000, translating to a price per square foot of $375.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,275,000
- Address: 99 Charles Street
- Market: Malden, MA
- Asset Size: 9 acres
- Square Feet: 70,000
- Price Per Square Foot: $375
- Buyer: Raanan Katz
- Company: RK Centers
In this deal, Raanan Katz represented RK Centers in the acquisition of the Malden Retail Plaza, which includes a Stop & Shop operated within the retail space, enhancing the commercial footprint on the site.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,401,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$93,349.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$124,556.90
Annual Debt Service$1,494,682.86
Is there something missing? Send suggestions