O'Brien Commercial Properties handles $1m sale to Legacy Warrior
Bret O'Brien of O'Brien Commercial Properties represented Highland Pines Realty Trust in the $1 million sale of 260 Boston Post Rd.
The property is 100% leased to nine tenants. The 7,083 s/f sale included eight of the nine units that make up the 8,500 s/f building on Rte. 20 and close to the Rtes. 27 and 126.
Built in 1985 the two story multi tenant office building is rented to local merchants.
O'Brien also procured the buyer, Legacy Warrior, LLC, which is an affiliate of Legacy Real Estate Ventures. Legacy was formed in January of 2008 and this is their third acquisition. The property was of particular interest to Michael Pricez.
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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.
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.
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.
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