Michael Alves Acquires Retail Strip Center In Malden For $1.2M

Located in Malden, MA, the property at 475-481 Ferry Street is a 3,323 square-foot retail strip center that was recently sold for $1.2 million. The fully occupied center features street parking, making it a convenient spot for businesses and customers alike.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,200,000
• Address: 475-481 Ferry Street
• Market: Malden, MA
• Seller: 75-481 Ferry St LLC
• Buyer's Rep: Michael Alves - Keller Williams
• Seller's Rep: Maria Dipierro - Atlantic Realty Services
• SF: 3,323
• PPSF: $361

Michael Alves, representing Pace Energy Corp., played a crucial role in facilitating the sale of this retail property. The $1.2 million transaction involved a successful negotiation between the buyer and the seller, ensuring that both parties achieved their objectives in the deal.