BRA's Weissman negotiates $1.615m sale for seller - Waltham Realty Services
Jason Weissman, principal of Boston Realty Advisors has sold 443-455 Moody St. Weissman represented the seller, Waltham Realty Advisors LLC, while Prudential Prime Properties represented the buyer, Sol and Jessica Cohen.
443-455 Moody St. is an 8,200 s/f brick, mixed use building. The property consists of three retail storefronts with long term leases and two residential units. The building included a parking lot for 21 cars. The sale price was $1.615 million or $196 psf. The cap rate was 7.2%
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.