Log in Subscribe Front Page Current Issue Real Briefs Recent Trades Subscribe/Renew Events Advertise Contact Us
Tue, Jun 24
A Compendium of Property & Capital News
Tue
Jun 24
Boston
Log In
Subscribe
Fig City Parcels to Become Mixed-Income Apts //Belmont Offices Find New Owner //Roastd General Store Sold on Nantucket //Chelmsford Medical Sold to Albany Partners //Learning Experience Building Sold in Marlboro // Fig City Parcels to Become Mixed-Income Apts //Belmont Offices Find New Owner //Roastd General Store Sold on Nantucket //Chelmsford Medical Sold to Albany Partners //Learning Experience Building Sold in Marlboro // Fig City Parcels to Become Mixed-Income Apts //Belmont Offices Find New Owner //Roastd General Store Sold on Nantucket //Chelmsford Medical Sold to Albany Partners //Learning Experience Building Sold in Marlboro //

Drinkwater, Richard of Marcus & Millichap Arranges Sales of BOA Niantic CT Property

February 09, 2017

NANTIC, CT-Laurie Ann Drinkwater (L.A.) and Seth Richard recently completed the sale of Bank of America, a 3,638-square foot net-leased property located in Niantic, Connecticut, according to John Krueger, regional manager of the firm’s Manhattan office. The asset sold for $2,250,000.

L.A. and Seth, both First Vice President Investments in Marcus & Millichap’s Boston and Manhattan offices respectively, had the exclusive listing to market the property on behalf of the seller, a Connecticut investment group. The buyer, a private investor, was also procured by Drinkwater and Richard.

“The Bank of America property is located at 25 Pennsylvania Avenue in Niantic, Connecticut and has served as a bank branch for 40-years and the recent extension of the lease reflects that continued commitment to this market” stated Richard. “It’s not often that you see tenants with that much tenure at a single property and we feel that this will be a very stable investment for the new owners”

LA Drinkwater, Seth Richard

Recent Headline News

Subscriber Content