News: Front Section

Casey of Sweeney Real Estate & Appraisal sells flex building for $1.355m

Exeter, RI Kevin Casey of Sweeney Real Estate & Appraisal represented the sellers, 570 Nooseneck Hill LLC, in the sale of the 27,300 s/f flex building.

The site was built in 2004 and utilized for the sale and distribution of motorcycle accessories by Twisted Throttle. The building is on 5.85 acres and has over 275 lined parking spaces. The buyers, Allsource Power, LLC purchased the building for $1.355 million.

The seller’s agent, Casey said “We are very pleased to trade this site for above asking price, as well as conducting a sale/lease back.”

Twisted Throttle plans to continue occupying a portion of the building for a minimum of one year.

The buyers were represented by Wayne Ure of Ure Realty.

MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid: