Blackstone, MA Colliers Hartford has completed the sale of a single tenant Advance Auto store located at 1247 Social St. for $1.01 million. Phil Gagnon, Ian Hunt, and John Cafasso of Colliers represented the seller in the transaction.
Of the sale, Hunt said, “Demand for high quality assets like 1247 Social St. remains robust, evidenced by multiple above-ask offers.”
Advance Auto recently exercised a five-year option at the 6,812 s/f property. The purchaser is a private investor and was represented by Bruce Corn of NAI/Merin Hunter Codman.
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