News: Spotlights
Posted: January 13, 2011
Horvath and Tremblay of Marcus & Millichap broker $9.364 million sale
Robert Horvath and Todd Tremblay of Marcus & Millichap Real Estate Investment Services has brokered the sale of a 14,827 s/f Walgreens Pharmacy located at 465 Cambridge St. The sale price of $9.364 million represents $632 per s/f and a cap rate of 7.21%. The Walgreens has 23.5 years remaining on the base term with 50 one year option periods. The terms were negotiated in April with a December closing.
Horvath and Tremblay represented both the seller and buyer in the transaction: Stone Lion Allston LLC and GFL Group LLC.
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