News: Front Section
Posted: October 11, 2012
Fischer of Fischer Real Estate and Press of Press/Cuozzo Realtors handle $410,000 sale
GHMA, LLC, an investment group headed by Dr. John Aversa, has purchased a 6,285 s/f medical building at 111 Wakelee Ave. The seller was 111 Wakelee Avenue Associates, LLC, an investment group made up of members of Valley Orthopaedic Specialists.
The sale price was $410,000. Alan Fischer, CCIM, SIOR, of Fischer Real Estate represented the seller. Stephen Press, SIOR, of Press/Cuozzo Realtors represented the buyer.
Located close to Griffin Hospital, this 3-story medical building on .32-acres with 27-car parking had been 100% occupied by Valley Orthopaedic Specialists. The buyer's plans call for extensive renovations and to convert the single-occupant space into three rentable units to be re-occupied by medical practices.
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
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.
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.
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: