April 20, 2021 – Steve Girolamo, Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of the Smith Street Mixed-Use property in Marblehead, Massachusetts. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,750,000.
The Smith Street Mixed-Use property is located at 29-37 Smith Street in Marblehead, Massachusetts. The two-story building contains six retail units at street level and four apartment units. The 18,482 square foot building is conveniently located between Massachusetts Routes 129 and 114, on a large 0.57-acre lot with plenty of off-street parking. The location is just minutes from historic downtown Marblehead, and Routes 129 and 114 provide easy accessibility to the Property for both town residents and visitors. Marblehead is a high-demographic coastal town and bedroom community serving the city of Boston on the north shore of Massachusetts. The town’s historical importance and expensive real estate offers significantly high barriers to entry and limited opportunities for competing new retail development.
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.