News: Front Section
Posted: June 21, 2012
Horvath and Trembley of Marcus & Millichap Real Estate Investment Services close $3.1 million sale
Bob Horvath and Todd Tremblay of Marcus & Millichap Real Estate Investment Services have brokered the transaction of The Learning Experience, an 11,000 s/f single tenant property located at 308 Andover St. The property, built in 2009, is located along Rte. 114 and is less than a mile from both Rte. 1 and I-95. The Learning Experience has 13 years remaining on the base term with (2) Five Year options. The sales price of $3.1 million represents $282 per s/f.
Horvath and Tremblay represented the seller, Omni Ventures 308 Andover LLC and procured the buyer, Onibella Associates Danvers LLC.
Marcus & Millichap is one of the largest firms specializing in commercial real estate investment services in the nation. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.
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