Boston MA J.C. Nachtwey of CRG Commercial has brokered the sale of 210 South St. in downtown for $1.4 million. What makes this transaction unique is the fact that the property, which consists of a 7,774 s/f single-user office condominium, is leased to the Commonwealth Massachusetts Division of Capital Asset Management, and is the headquarters for the state's unemployment bureau.
"Having a strong long term tenant makes this acquisition a most attractive low risk addition to any real estate portfolio," said Nachtwey.
Habib Aminpour of Otis Realty represented the buyer, Boston Common LLC. Nachtwey represented the seller, Boston Kenmore Realty LLC. Conventional financing with a small second mortgage provided by Brookline Bank.
Nachtwey represents commercial properties in the Greater Boston area. He has been recognized as one of the leading commercial brokers in the area.