Centerboard, Inc Acquires Multifamily Property In Lynn For $3M

The multifamily property located at 5-7 Chase Street in Lynn was sold on February 28, 2020. The property spans 14,815 square feet and was sold for a total price of $3,000,000, resulting in a price per square foot of $202.49. The seller of the property was the Luis F. Pereira Family Trust & Maria G. Pereira Family Trust, while the buyer was Centerboard, Inc, represented by Mark DeJoie. The brokerage involved in the transaction was Marcus & Millichap, with John Craig representing the buyer.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Address: 5-7 Chase Street, Lynn
• Square Footage: 14,815
• Price per Square Foot: $202.49
• Seller: Luis F. Pereira Family Trust & Maria G. Pereira Family Trust
• Buyer: Centerboard, Inc - Mark DeJoie
• Broker: John Craig - Marcus & Millichap

The sale of the property was facilitated by John Craig of Marcus & Millichap, serving as the broker for the buyer, Centerboard, Inc. This transaction highlights the involvement of key individuals and companies in the deal, contributing to its successful completion.