Horvath & Tremblay Completes $11.5 Million Sale Of Harwich East Plaza Retail Center In MA

The property asset involved in this transaction is a retail center located at 1421 Orleans Road, Harwich, MA. It spans approximately 42,987 square feet and is situated on 4.6 acres. The sale price for the property was $11,500,000, equating to a price per square foot of $268. The center is currently 86.25% leased, featuring tenants such as East Harwich Market and Sherwin Williams.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,500,000
• Address: 1421 Orleans Road
• Market: Harwich, MA
• Asset Size: 42,987 sq ft
• Acres: 4.6
• Price per Square Foot: $268
• Broker Representatives: Aaron Huntley, Daniel (Dan) Bernardini, Robert (Bob) Horvath & Todd Tremblay - Horvath & Tremblay

Horvath & Tremblay facilitated the transaction, highlighting the expertise of the team involved in negotiating the sale of Harwich East Plaza. The brokerage's experience in the retail sector was noted, particularly in handling properties with leasing potential, as this asset contains 5,909 square feet of vacant space that could be leased to maximize the property’s value.