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Sun, Nov 27
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Nov 27

Marcus & Millichap Brokers Five Massachusetts Net-Leased Asset Sales in 30 Days

December 21, 2021
Planet Fitness, Haverhill MA

BOSTON — The NNN Pro Group of Marcus & Millichap announced the sale of five net-leased properties in Massachusetts. The properties were sold by Glen Kunofsky, Josh Kanter, and Anthony D’Ambrosia over a 30-day period from October 5 through November 5 for a total of $32,386,000.

The properties Sold by the group are:

• 7,653-SF Starbucks, Verizon and Aspen Dental built in 2020 in Chelmsford, MA
• 6,505-SF retail shopping center built in 1960 in Beverly, MA
• 51,128-SF retail shopping center built in 2020 in Holbrook, MA
• 13,519-SF Walgreens built in 2005 in Plymouth, MA
• 20,000-SF Planet Fitness built in 2021 in Haverhill, MA

“Our clients have capitalized on the recent supply of net-leased properties, providing stable opportunities to secure excellent opportunities through safe and strategic investing,” said Kanter. “All five of the properties exhibit strong foundations with qualified tenants, long-term leases, and ample opportunities to increase revenue and growth. As we continue to see low-interest rates throughout the industry, we are confident that this trend and the demand for net-leased properties will only strengthen over time as the market continues to hold firm in its upward trajectory.”ll

Marcus & Millichap’s broker of record in Massachusetts is Managing Director, Tom Shihadeh.