A retail property in Hadley, MA has been sold for $1,600,000. The property is located at 397 Russell Street and spans 4,106 square feet. The sale price per square foot was $390. The transaction took place on December 30, 2020. The deal was facilitated by brokers Adam Cohen and Brett Kilar from Marcus Millichap Boston.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,600,000
• Location: 397 Russell Street, Hadley, MA
• Square Footage: 4,106
• Price per Square Foot: $390
• Date of Transaction: December 30, 2020
• Brokers: Adam Cohen & Brett Kilar - Marcus Millichap Boston

Adam Cohen and Brett Kilar from Marcus Millichap Boston successfully brought together the buyer and the seller for this retail property sale. The buyer had previously missed out on another one of the seller's Midas locations but was able to secure this property as a 1031 replacement. The entire deal was finalized in less than 60 days, allowing the buyer to quickly replace the cash flow from their relinquished property.