Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Midas, a 6,000-square foot net-leased property located in Lynn, MA, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $1,920,000.
Adam Cohen, Brett Kilar and Grace Kenney, investment specialists in Marcus & Millichap’s Boston office, had the exclusive listing to market the property on behalf of the seller. The buyer was secured by Adam Cohen and Brett Kilar, investment specialists in Marcus & Millichap’s Boston office.
Adam Cohen comments, “This was a highly desirable property that received interest from several buyers. The buyer who won the deal made a strong offer, and the property was spoken for less than a week from its initial launch.”
Midas is located at 555 Lynnway, just nine miles from the heart of Boston in the main retail corridor of Lynn. Tenants in the immediate vicinity include McDonalds, AutoZone, O’Reilly Auto Parts, Wendy’s, KFC, Dunkin, Dollar Tree, and more.
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.
