August 3, 2023 – Jason Kulik, Bob Horvath, Todd Tremblay and Jack Laurendeau of Horvath & Tremblay have successfully completed the sale of The Weeks Building in Falmouth, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,925,000.
The Weeks Building is located at 176 Main Street in Falmouth, Massachusetts. Centrally located on Main Street (MA Route 28), the area’s primary commercial and commuter corridor, the Property offers the rare opportunity to acquire a generational asset in the highly sought after Falmouth downtown. The Property is across the street from Town Hall Square, surrounded by the area’s retailers and restaurants, and is positioned between the Post Office and Library, which anchors Main Street’s commercial section. The two-story mixed-use building contains eight (8) total units including four (4) commercial units on the first floor (The Pickle Jar, Homespun Garden, Sea Bags, and Twigs of Falmouth) and four (4) 2-Bedroom/1-Bathroom residential units on the second floor. The free-standing building contains a total of 8,523 square feet of living area in 13,777 square feet of total gross area and sits on a 0.434-acre parcel. The Property is 100% occupied and offers ample off-street parking. Renowned for having one of the premiere Main Streets on Cape Cod, Falmouth is home to a wide range of shops, including both major high street names, lovely locally owned businesses, as well as superb cafes and restaurants. 55 miles from downtown Boston, Falmouth occupies Cape Cod’s southwestern corner with a year-round population estimated at 33,128 people. The summertime population swells to more than 100,000 people. The location offers convenient access to Falmouth’s many beaches, Woods Hole, the Falmouth Hospital, area schools and the commercial shopping district in Falmouth’s Teaticket neighborhood.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.