Jeremy Cyrier, CCIM and Lisa Carpenter sold 1183-1187 Massachusetts Avenue in Arlington, MA on behalf of the John A Archer 2003 Family Trust to buyer 369 Mass Ave Nominee Trust. The transaction marks one of few commercial real estate sales in Arlington to date, but represents the significant demand for commercial assets along the Massachusetts Avenue commercial corridor in Arlington.
“We generated significant interest in the property through our positioning and were able to generate several offers to purchase the property,” Cyrier said.
The Trust sold the property for a premium by offering attractive terms, which resulted in a sale price $100,000 higher than the most recent comparable sale in Arlington as well as the production of an annuity income for the beneficiaries of the Trust. Overall they achieved a strong value in a challenging market environment and were able to select from several offers to take the most advantageous deal, meeting their desired yield.
Jeremy Cyrier, CCIM and Lisa Carpenter are both Brokers at MANSARD Commercial Properties, a commercial real estate brokerage and advisory firm with offices in Lexington and Boston. For more information, feel free to contact Jeremy or Lisa at Jeremy@Mansardcre.com or Lisa@Mansardcre.com, respectively.
Do you think you are a seller today? If so, email us at Jeremy@Mansardcre.com with the words “Sell my building in today’s market” in the subject line. Include your name, when you would like to be called, and the best number to reach you. A member of our team will contact you to schedule a time for you to invite me to your building for a free consultation. If there’s a fit, you may retain us to sell your property. If there isn’t a fit, we’ll tell you we cannot help and will refer you to another firm that may be a better match.
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