News: Retail
Posted: December 17, 2021
Marcus & Millichap brokers five Mass. net-leased asset sales in 30 days
Chelmsford, MA The NNN Pro Group of Marcus & Millichap brokered the sale of five net-leased properties in Massachusetts. The properties were sold by Glen Kunofsky, Josh Kanter, and Anthony D’Ambrosia over a 30-day period from October 5 through November 5 for a total of $32,386,000.
“Our clients have capitalized on the recent supply of net-leased properties, providing stable opportunities to secure excellent opportunities through safe and strategic investing,” said Kanter. “All five of the properties exhibit strong foundations with qualified tenants, long-term leases and ample opportunities to increase revenue and growth. As we continue to see low-interest rates throughout the industry, we are confident that this trend, and the demand for net-leased properties will only strengthen over time as the market continues to hold firm in its upward trajectory.”
The properties are:
• 7,653 s/f Starbucks, Verizon and Aspen Dental built in 2020 in Chelmsford
• 6,505 s/f retail shopping center built in 1960 in Beverly
• 51,128 s/f retail shopping center built in 2020 in Holbrook
• 13,519 s/f Walgreens built in 2005 in Plymouth
• 20,000 s/f Planet Fitness built in 2021 in Haverhill
Marcus & Millichap’s broker of record in Massachusetts is Tom Shihadeh.
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