Marcus & Millichap Brokers Sell Stoneham, MA Retail Property For $1.52M

The retail property located at 151 Main Street in Stoneham, MA has been sold for a price of $1,520,000. The property spans an area of 5,254 square feet, resulting in a price per square foot of $289.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,520,000
• Date: 01/20/2021
• Address: 151 Main Street
• Market: Stoneham, MA

The deal was facilitated by Adam Cohen and Brett Kilar of Marcus & Millichap Boston. Prior to their involvement, the property had been unsuccessfully marketed by another firm. However, Marcus & Millichap's marketing efforts generated significant interest in the property, resulting in multiple offers within the first 48 hours of listing. Ultimately, the deal was awarded to a buyer with whom they had transacted several times before.