News: Brokerage

Meeks of O’Brien Commercial Properties sells downtown mixed-use building

Ayer, MA Brandon Meeks, senior associate at O’Brien Commercial Properties, has completed the sale of 25 Main St. The mixed-use asset, comprised of seven residential units and two ground-floor commercial suites, was acquired by a private investor seeking stable in-place income with long-term upside potential in a supply-constrained downtown submarket. The sale price was not disclosed.

Strategically positioned along Main St. in downtown, the property benefits from strong walkability, proximity to the MBTA Commuter Rail, and immediate access to Rte. 2 and I-495. The building offers a diversified rent roll with residential cash flow supported by complementary street-level commercial tenancy, creating a balanced income profile that appealed to investors targeting stabilized mixed-use opportunities in growing suburban markets. O’Brien Commercial Properties represented the seller in the transaction and procured the buyer.

MORE FROM Brokerage

Bradley of Horvath & Tremblay handles $9.5m Belmont Portfolio sale

Springfield, MA Michael Bradley of Horvath & Tremblay has arranged the sale of the Belmont Portfolio, a six property, 78 unit multi-family portfolio. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9.5 million.
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Columns and Thought Leadership
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