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201 217 West Main Street

Max Levinston Of Kislak Represents Sale Of Office And Retail Asset In Somerville For $2.675M
SOLDRetail

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

Max Levinston

Kislak

Broker

$11.7M

vol

7 deals

Broker

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