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News: Front Section
Posted: April 3, 2020
O’Brien and Gatti of Greater Boston
Commercial Properties, Inc. broker $2 million building sale
Medway, MA Bret O’Brien and Ben Gatti of Greater Boston Commercial Properties, Inc. sold the 28,862 s/f industrial building at 4 Marc Rd. to 4 Marc Road, LLC for $2 million.
The buyer has signed a long term lease with a marijuana cultivation tenant that includes a complete renovation of the property.
Greater Boston Commercial Properties, Inc. is now marketing the property for sale on behalf of the new owner as a single tenant net leased property for $2.85 million with $284,501 in net operation income, which represents a capitalization rate of 10%.
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Columns and Thought Leadership
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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.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
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.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore
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.
