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Northeast Advisors Sells Post Office Square Mixed-Use Property In Plymouth For $3.7M

Property Image
SOLD
$3,700,000
Evan J. Dean
George N. Vasvatekis
Leroy Wallace

Massachusetts

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Mixed-use20,263 SF
Sold 06/18/2024
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Property Image
SOLD

Northeast Advisors Sells Post Office Square Mixed-Use Property In Plymouth For $3.7M

6 Main Street Ext

See Similar Deals
Mixed-use20,263 SF
Sold 06/18/2024
Evan J. Dean
George N. Vasvatekis
Leroy Wallace
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$182
Total Square Footage:20,263 SF
Transaction Type:Sale

The property at 6 Main Street Ext in Plymouth, MA, known as Post Office Square, has been sold for $3,700,000. This mixed-use asset spans 20,263 square feet, resulting in a price per square foot of $183.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,700,000
  • Brokers: George N. Vasvatekis, Evan J. Dean & Leroy Wallace - Northeast Advisors
  • Date: 06/18/2024
  • Market: Plymouth, MA

The sale of Post Office Square was facilitated by George N. Vasvatekis, Evan J. Dean, and Leroy Wallace from Northeast Advisors. The property underwent an ambitious preservation and redevelopment effort, utilizing over $1.5 million in State and Federal Historic Rehabilitation Tax Credits. Recognized with prestigious awards such as the 2017 Paul and Niki Tsongas Awardee for "Best Main Street Development" and the 41st annual Massachusetts Historic Commission’s Preservation Award in 2019, this property has been a successful investment with a variety of tenants, including the United States Postal Service.

Players

Evan J. Dean
Northeast Advisors
Evan J. Dean
3 deals$6.3M volume(774) 484-7344
BROKER
George N. Vasvatekis
Coldwell Banker
George N. Vasvatekis
5 deals$11.9M volume(781) 635-4601
BROKER
Leroy Wallace
Leroy Wallace
2 deals$6.1M volume(857) 891-1611
BROKER

Details

SOLD
IMAGE: George N. Vasvatekis, Evan J. Dean & Leroy Wallace DATE: 06/18/2024 ADDRESS: 6 Main Street Ext MARKET: Plymouth, MA ASSET TYPE: Mixed-use BROKERS: George N. Vasvatekis (@GVasvatekis), Evan J. Dean (@Evanjdean) & Leroy Wallace (@Leroywallace.RE) - Northeast Advisors (@NorthEastAdvisors) SALE PRICE: $3,700,000 SF: 20,263 ~ PPSF: $183 NOTE FROM BROKER: We are excited to announce the sale of this landmark property, Post Office Square, in America's Hometown of Plymouth. Having represented the initial acquisition of this property in 2013 for $690k an ambitious preservation and redevelopment effort immediately ensued, utilizing over $1.5 million in State and Federal Historic Rehabilitation Tax Credits and resulting in recognition as the 2017 Paul and Niki Tsongas Awardee for “Best Main Street Development” and the 41st annual Massachusetts Historic Commission’s Preservation Award in 2019. The project has been held in high regard by a multitude of print and media outlets throughout the country and has been a viable and stabilized investment-income asset with a dynamic mix of tenants, such as the United States Postal Service. We were honored to be a part of the acquisition, preservation, redevelopment, lease up, management and sale of this historic property.

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