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96 Commonwealth Avenue

Atlantic Retail Brokers Complete Sale Of 96 Commonwealth Avenue Retail Asset In Danvers For $16M
SOLDRetail

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

Eric Suffoletto

Atlantic Retail

Broker

$95.9M

vol

16 deals

Broker

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