News: Front Section
Posted: January 27, 2010
Tito and McGee of NAI Hunneman represent Lakeview Manor in $1.76 million sale of 24-unit apartment complex
NAI Hunneman, a leading provider of commercial real estate services to corporations, institutions and the private market, has brokered the sale of Lakeview Manor, a 24-unit apartment complex for $1.76 million.
NAI Hunneman's executive vice president and principal Robert Tito and Dan McGee, investment sales, represented the seller, Lakeview Manor LLC, and procured the buyer, Sahara Real Estate.
Located on an approximately one-acre lot at 3 Carroll Dr., the property consists of 16 two-bedrooms and 8 one-bedroom units in 4, six-unit buildings.
"It's a magnificent property that offers some water views of Lake Ripple and is strategically located close to the MBTA commuter train and the Mass. Turnpike," said Tito. "Sahara Real Estate will hold these apartments as an income property. We're very pleased to have found a perfect buyer for this property that had attracted a number of investors."
Founded in 1929 and headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. Through its association with NAI Global, NAI Hunneman is a local firm with global reach offering brokerage and project management services in more than 325 markets across the nation and around the world.
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