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Fri, Dec 3
A Compendium of Property & Capital News
Dec 3
A Compendium of Property & Capital News

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

November 23, 2021
Haverhill MA

BOSTON — The NNN Pro Group of Marcus & Millichap (NYSE: MMI), a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, 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.

“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.”

The properties are:

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

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