Max Levinston Of Kislak Represents Sale Of Office And Retail Asset In Somerville For $2.675M
201 217 West Main Street
$2,675,000
$59/SF
Building Size
45,000 SF
Asset Type
Retail
Closing
Apr 27, 2025
AI
This transaction involves the sale of an office and retail asset located at 201-217 West Main Street in Somerville. The property was sold for $2,675,000, with a total square footage of 45,000, equating to a price per square foot of $59. The asset was delivered fully vacant at the time of sale.
Summary of transaction details:
- Property Type: Office & Retail
- Transaction Amount: $2,675,000
- Square Footage: 45,000
- Price per Square Foot: $59
- Address: 201-217 West Main Street
- Market: Somerville
- Broker: Max Levinston - Kislak
Max Levinston from Kislak represented the transaction, facilitating the deal for the property, which was sold in a fully vacant state. The transaction reflects the efforts of the broker in navigating this sale in the office and retail market.
Players
Somerville 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
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93