facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

60 Winter St, Malden, Ma 02...

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

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

Matthew Sherry

Colliers

Broker

$1.3B

vol

27 deals

Broker
EE
Eastern Real EstateBuyer

Malden Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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