Convenient MD in Burlington Sells for $7M+ via Horvath&Tremblay
February 17, 2023
ConvenientMD, Burlington MA
Burlington — Todd Tremblay and Bob Horvath of Horvath & Tremblay completed the sale of a free-standing ConvenientMD in Burlington, Massachusetts. Horvath & Tremblay exclusively represented the seller while Danny Griffin and Eric Suffoletto of SRS Real Estate Partners procured the buyer to complete the $7,370,214 transaction.
Located at 181 Cambridge Street, the stand-alone 5,044 square-foot building was constructed for ConvenientMD in 2020 on a 0.35-acre lot. ConvenientMD has 18 years remaining on their Absolute NNN Lease, as well as six (6), 5-year renewal options. The lease calls for attractive 10% rent increases every five years throughout the base term and at the start of each renewal option.
The property is located within the regional trade area along Route 202 at Interstate 95. ConvenientMD is extremely well located at the signalized intersection of Cambridge Street (MA Route 3A) and Terry Avenue. Cambridge Street is one of the area’s primary commercial and commuter corridors and bisects Interstate 95/MA Route 128 approximately 1.5-miles from the Property. Burlington is a thriving, densely populated suburb of Boston, along the Route 128 Technology Corridor.
Todd Trermblay
Bob Horvath
-
3 Hawkins St. in Somerville, built to Passive House standards. Photo: Nauset Construction
March 27, 2024
Full Story
Real Briefs
Preconstruction Key to Balancing Economics and Sustainability in Multifamily Development
March 27, 2024 | Benjamin Goldfarb
In the multifamily sector, developers are recognizing the importance of planning early for project sustainability ...
-
179 Lincoln Street, Boston MA
March 25, 2024
Full Story
Real Briefs
Greaney/Synergy Continue Buying Boston With Historic Beaux-Arts, Class-A 179 Lincoln
March 25, 2024
Boston — Fresh off tying up two Downtown class-A office buildings at 410 Atlantic Ave and 101 Arch Street (first reported on The
-
19 West Road & 10 Skatet Corners, Orleans MA
March 21, 2024
Full Story
Real Briefs
MassHousing Provides $19.2 M for 62 Affordable, Workforce Rentals at Former Cape Cod Five Ops Cntr
March 21, 2024
Boston – MassHousing is providing $19.2 million in affordable and workforce housing financing to Pennrose, LLC for the redevelop
-
501 Boylston Street, Boston MA
March 19, 2024
Full Story
Real Briefs
Nuveen RE Awards Cushman & Wakefield New 1.4 MSF Property Management Assignments
March 19, 2024
Boston — Cushman & Wakefield reported that the real estate services firm has been awarded a new property management assignment b
-
Eagle Mill Complex, Lee MA (Rendering)
March 18, 2024
Full Story
Real Briefs
Rockland Trust Provides Financing Package For Former Mill In Lee; $21M Construction Loan Included
March 18, 2024
LEE — Rockland Trust provided a financing package for the first phase of the redevelopment complex branded, The Eagle Mill, in L