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60 Winter St, Malden, Ma 02...

Updated Oct 29, 2024

Eastern Real Estate Acquires Industrial Property In Malden, MA For $7.3M
SOLDIndustrial

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.

On the Map

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$7,300,000

$146/SF

Industrial

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Players

Matthew Sherry

Colliers

Broker

$1.4B

vol

29 deals

Broker
EE
Eastern Real EstateBuyer
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Malden Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $146 per square foot on a published $7.3M for 50,000 square feet (2020).

Visit Michael (Mike) Restivo to view all their deals.

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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

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