Marcus & Millichap Inc.

11/23/2021 | Press release | Distributed by Public on 11/23/2021 16:22

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

BOSTON, Nov. 23, 2021 - The NNN Pro Group of Marcus & Millichap (NYSE: MMI), a leading 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-square-foot Starbucks, Verizon and Aspen Dental built in 2020 in Chelmsford
6,505-square-foot retail shopping center built in 1960 in Beverly
51,128-square-foot retail shopping center built in 2020 in Holbrook
13,519-square-foot Walgreens built in 2005 in Plymouth
20,000-square-foot Planet Fitness built in 2021 in Haverhill

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

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About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.