Surmount Represents Buyer And Seller In Sale Of Retail Asset For $3.675M In Devens, MA
SOLD
$3,675,000
+ 1
Massachusetts
See Similar DealsRetail18,358 SF
Sold 11/05/2025
SOLD
Surmount Represents Buyer And Seller In Sale Of Retail Asset For $3.675M In Devens, MA
6 Andrews Parkway
See Similar DealsRetail18,358 SF
Sold 11/05/2025
+ 1
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$200
Total Square Footage:18,358 SF
Transaction Type:Sale
The property asset involved in the transaction is a retail space located at 6 Andrews Parkway in Devens, MA. The sale price for this asset was $3,675,000, encompassing a total area of 18,358 square feet, which translates to a price per square foot of $200.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,675,000
- Square Footage: 18,358
- Price Per Square Foot: $200
- Address: 6 Andrews Parkway
- Market: Devens, MA
The transaction was brokered by Glen Kunofsky, Anthony D'Ambrosia, Josh Kanter, and Kevin Burke from Surmount. The brokerage represented both the seller and buyer during the sale of the Devens Strip Center, in collaboration with their broker of record Bang Realty-New England, Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$196,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,056.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,421.37
Annual Debt Service$209,056.50
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