Updated Oct 29, 2024
Eastern Real Estate Acquires Industrial Property In Malden, MA For $7.3M
60 Winter St, Malden, Ma 02148, Usa
$7,300,000
$146/SF
Building Size
50,000 SF
Asset Type
Industrial
Closing
Aug 30, 2020
About this deal
AI
Eastern Real Estate has acquired an industrial property located at 60 Winter Street in Malden, MA for a sale price of $7,300,000. The property spans across 50,000 square feet, resulting in a price per square foot of $146. The transaction was facilitated by brokers Michael Restivo and Matthew Sherry from JLL.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,300,000
- Address: 60 Winter Street, Malden, MA
- Market: Malden, MA
- Buyer: Eastern Real Estate
- Brokers: Michael Restivo & Matthew Sherry - JLL
- Square Footage: 50,000
- Price Per Square Foot: $146
The acquisition of the industrial property at 60 Winter Street in Malden, MA was successfully executed by Eastern Real Estate. Michael Restivo and Matthew Sherry, representing JLL, played a pivotal role in facilitating the transaction.
Players
Malden Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93