SOLD
198 Endicott Properties Acquires Retail Property In Danvers, MA For $1.625M
198 Endicott Street
Retail
13,460 SF
13,460 SF
Sold 1 year ago
Summary
Sale
MASSACHUSETTS
Retail
13,460 sqft
A 2,500 square-foot, 2-story retail building located at 198 Endicott Street in Danvers, MA has been sold for a price of $1,625,000. The property is situated on 13,460 square feet of land in the C3 zoning district, which allows for a fast food drive-thru. The transaction took place between the buyer, 198 Endicott Properties, and the seller, 198 Endicott Realty. The deal was facilitated by Brian DApice and Jason K Clark of The Mega Group.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,625,000
- Address: 198 Endicott Street, Danvers, MA
- Market: Danvers, MA
- Square Footage: 13,460
- Price Per Unit: $121
The Mega Group, a full-service commercial real estate firm based in Danvers, MA, represented the buyer and seller in this off-market transaction. Brian DApice and Jason K Clark played key roles in identifying and closing the deal. Prior to this transaction, Brian DApice had been searching for the ideal location for Flip The Bird, a new North Shore location set to open in Salem in the winter of 21/22.
In addition, it was noted that ToppSalad, the previous tenant of the property, will be relocating to downtown Beverly.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Brian DApice & Jason K Clark
DATE: 09/06/2021
ADDRESS: 198 Endicott Street
MARKET: Danvers, MA
ASSET TYPE: Retail
BUYER: 198 Endicott Properties
SELLER: 198 Endicott Realty
BROKERS: Brian DApice & Jason K Clark - The Mega Group (@TheMegaGroup)
ASKING PRICE: $1,625,000
SALE PRICE: $1,625,000
UNITS: 13,460 ~ PPU: $121
NOTE FROM BROKER: SEPT. 6, 2021 DANVERS, MA - The Mega Group is pleased to announce the opening of Flip The Bird; joining other locations at Cabot Plaza in Beverly, Cummings Center in Beverly, and the Swampscott Mall. Brian DApice of the Mega Group identified the location in a routine office meeting with colleague Jason K Clark, a retail specialist. Clark was looking to "do something" with the ToppSalad property located at 198 Endicott Street in Danvers, a 2,500 square foot 2-story retail building on 13,460 square feet on land in the C3 zoning district that allows for a fast food drive-thru by right. DApice, who did the first location said he had been looking for the perfect location for quite some time and further states Flip The Bird will be opening their fifth North Shore location in Salem in the winter of 21/22.
Jason K Clark represented the Sellers, 198 Endicott Realty and Brian DApice represented the Buyers, 198 Endicott Properties in the off-market transaction. Clark states ToppSalad will be moving to neighboring downtown Beverly.
The Mega Group is based in Danvers MA is a full-service commercial real estate firm that covers greater metropolitan Boston Massachusetts, coastal New Hampshire & southern Maine. Founded in 1997, The Mega Group primarily helps investors and property owners fulfill their needs by using personal touches and traditional methods of marketing commercial real estate.View on map
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Address198 Endicott Street
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