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
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