October 23, 2019 –Matthew Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of the Mattapan Retail Center in Mattapan (Boston), Massachusetts. Horvath & Tremblay exclusively represented the seller in this transaction that closed at a sale price of $2,400,000.
The property, located at 522 River Street in Mattapan (Boston), consists of a two-story, mixed-use investment property that is 100% leased. The property is a 9,937 square foot building that sits on 0.10 acres of land. The building benefits from excellent frontage at the corner of a three-way intersection (River Street, Cummins Highway, and Blue Hills Avenue), which have a combined traffic count of 81,000 vehicles per day. The building also houses a large two-way billboard on the roof, capitalizing on the significant pedestrian and vehicular traffic. Additionally, the property is across the street from the Mattapan T-Station. This location has outstanding demographics with more than 225,500 people within a 3-mile radius with an average household income of more than $98,000.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.