Cohen, Kilar and Kenney of Marcus & Millichap broker $1.92 million sale of a Midas location

Lynn, MA Marcus & Millichap completed the sale of Midas, a 6,000 s/f net-leased property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $1.92 million.

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 Cohen and Kilar.

Cohen said, “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, nine miles from Boston in the main retail corridor. Tenants in the immediate vicinity include McDonalds, AutoZone, O’Reilly Auto Parts, Wendy’s, KFC, Dunkin, Dollar Tree, and more.

Tags: Owners Developers & Managers

Reprint

Previous Story Next Story

Healey-Driscoll Administration seeks developer to transform former 72-acre school into 288+ home neighborhood

Lancaster, MA According to the Healey-Driscoll Administration, the Division of Capital Asset Management and Maintenance (DCAMM) has released a Request for Proposals seeking a developer to transform the 72-acre former Lancaster Industrial School for Girls property into a new, walkable neighborhood with at least 288 homes.

Land Rover Fairfield leases 6,000 s/f Fairfield industrial property

Reveler Development welcomes first residents to Lofts North at The Levee

Reveler Dev. welcomes first residents to Lofts North at The Levee

Housing Assistance celebrates groundbreaking of a 45-unit affordable development in Brewster

Housing Assistance celebrates groundbreaking in Brewster

The utility beneath our streets: How wastewater is becoming a renewable energy asset

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Brokerage

Sullivan & Sullivan brings 14 Class A office condos to auction

Columns and Thought Leadership

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains