McNamara of Poirier Realty handles $950,000 purchase for DC Realty, LLC
DC Realty LLC purchased the former C-Plastics manufacturing building at 243 Whitney St. for $950,000. The property includes 6 acres of land and a large paved parking area, four loading docks, 14-18' ceilings, and 10,000 s/f of finished office space.
DC Realty plans on its subsidiary, Creative Print Products Inc. using the office space and part of the warehouse space. The remainder of the warehouse space will be leased.
With 2,000 amps of power, city water and sewer, newly renovated offices, and proximity to Rte. 2 and I-190, the property gives the buyer room to expand its growing business.
Tom McNamara of Poirier Realty assisted the buyer and Rick Cuddy of Foster Healey Realty represented the seller.
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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.
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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.
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.