September 29, 2022 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of the Saugus Plaza in Saugus, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5,250,000.
The Saugus Plaza is located at 600 Broadway in Saugus, Massachusetts. The Property includes a 11,540 square foot building on a 1.28-acre lot. The retail plaza is occupied by Fed-Ex Office, Bay State Physical Therapy, For Eyes and Premier Martial Arts. Fed-Ex Office features a corporate guarantee, and the three other tenants all are well known throughout the region and have multiple locations. Each of the tenants feature double-net leases with attractive scheduled rent increases. The Saugus Plaza is exceptionally well located along Broadway (US Route 1), the area’s primary commercial corridor. The Property enjoys outstanding frontage and visibility along US Route 1 and is shadow anchored by Home Depot. 600 Broadway (US Route 1) is situated in the center of Saugus’s commercial district and is surrounded by national retailers. Saugus is located approximately 9-miles north of Boston and US Route 1 is one of the primary commercial and commuter arteries leading directly into the city and has traffic counts in excess of 104,000 vehicles per day.
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.