Stevens Realty LLC Acquires Package Deal In Salem, MA For $2.4M

Stevens Realty LLC has recently acquired a package deal consisting of 19-21 Pleasant Street and 1-3 Spring Street in Salem, MA. The transaction, facilitated by broker Dan Pouladian of North Shore Realty Advisors, closed on 12/23/2021 for a total sale price of $2,400,000. The combined square footage of the properties is approximately 12,000 square feet, resulting in a price per square foot of $200. Westford Lowell LLC and Blue Sky Properties were the sellers in this successful transaction.

Summary of transation details

• Property Type: Package Deal
• Transaction Amount: $2,400,000
• Address: 19-21 Pleasant Street & 1-3 Spring Street, Salem, MA
• Market: Salem, MA

Dan Pouladian, representing North Shore Realty Advisors, played a crucial role in representing both the buyer and the seller in this deal. Notably, the acquisition included 3 Spring Street, as 19 Pleasant Street lacked rear parking. The inclusion of this additional property allowed for a smooth transaction and successful 1031 exchanges for both sellers and the buyer.