News: Front Section
Posted: February 7, 2020
Gardner of DMG Brokerage handles $1.925 million sale of 101-105 Depot St. - on behalf of the buyer, A&Z Depot Street LLC
South Easton, MA DMG Brokerage has completed the sale of 101-105 Depot St. This was an off market sale and DMG represented the buyer, A&Z Depot Street LLC, the sale price was $1.925 million.
The buyer came to DMG and requested an off market property search, a prospecting campaign followed and in less than six months an off market sale was completed. The property is formerly known as Wash N Depot and is now under new management. The facility will reopen as Fresh AutoWash.
Dan Gardner of DMG Brokerage, who handled the transaction from start to finish, said, “The buyer had a lot of experience in the car wash business and had a firm understanding of off market opportunities. This transaction was very unique in that it was procured through our proprietary CRM software that enabled us to line up the buyer and seller. It was a win/win for both parties.”
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,
Quick Hits
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: