News: Front Section
Posted: February 7, 2020
Cyrier and Saulnier of MANSARD handle sale of 7,560 s/f flex property for $1.6m
North Reading, MA MANSARD facilitated the sale of 73 Concord St. for $1.6 million to Liconic Instruments. 73 Concord St. is a 7,560 s/f flex property that is situated on .97 acres. The building is being sold vacant.
Liconic Instruments was represented by The Stubblebine Company. Open to a wide variety of uses, 73 Concord St. features 73 feet of frontage, parking, one drive-in door and three dock high doors. The property is located near I-93.
Jeremy Cyrier, CCIM and Taylor Saulnier of MANSARD handled the sale. The seller hired MANSARD to find a buyer for their 7,560 s/f flex property, which they had been occupying for 40 years. MANSARD took the property to market with a public marketing process that procured over 50 buyer prospects, which generated six offers and the property sold for 114% of its asking price and 211% over assessed value.
Tags:
Front Section
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,
Columns and Thought Leadership
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.
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
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.
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: