Atlantic Retail Brokers Complete Sale Of 96 Commonwealth Avenue Retail Asset In Danvers For $16M
96 Commonwealth Avenue
$16,000,000
$200/SF
Building Size
80,000 SF
Asset Type
Retail
Closing
Apr 14, 2026
AI
The property asset involved in the transaction is a retail space located at 96 Commonwealth Avenue, Danvers, MA. The sale price for the property was $16,000,000, with a total square footage of 80,000, resulting in a price per square foot of $200.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,000,000
- Address: 96 Commonwealth Avenue
- Market: Danvers, MA
- Square Footage: 80,000
- Price Per Square Foot: $200
The deal was facilitated by the brokers Eric Suffoletto, Joey Tagliente, and Danny Griffin, who represent Atlantic Retail in this transaction.
Players
Danvers 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93