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70 Simarano Dr
SOLD

Horvath & Tremblay Sell The Learning Experience In Marlborough For $3.825M

70 Simarano Dr

Retail
10,000 SF
clock iconSold 214 days ago
Todd Tremblay
Robert (Bob) Horvath
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Summary

Sale
MASSACHUSETTS
Retail
10,000 sqft

The property involved in this transaction is a Retail asset located at 70 Simarano Dr in Marlborough, MA. The property comprises a 10,000 square foot building with an additional 5,000 square feet outdoor playground on a 1.82-acre parcel. The sale price for this property was $3,830,000.00 in a deal facilitated by Robert (Bob) Horvath and Todd Tremblay of Horvath & Tremblay.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,830,000.00
  • Market: Marlborough
  • Seller's Rep: Robert (Bob) Horvath(Horvath & Tremblay), Todd Tremblay(Horvath & Tremblay)

Todd Tremblay and Bob Horvath of Horvath & Tremblay played a crucial role in the transaction, representing the seller and procuring the buyer for this Retail property in Marlborough. The property boasts an attractive lease with the tenant having over 18 years remaining on the lease, with additional renewal options. The lease includes 12.5% rent increases every five years and at the beginning of each renewal option, making it a lucrative investment opportunity.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Todd Tremblay's profile picture
Todd Tremblay
Horvath & Tremblay-image
Executive Vice President
$361.4M Sold

Details

Deal Summary
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SOLD
IMAGE: 70 Simarano Dr, Marlborough, MA, 01... MARKET: Marlborough ASSET TYPE: Retail SELLER'S REP: Robert (Bob) Horvath(Horvath & Tremblay), Todd Tremblay(Horvath & Tremblay) BUYER: Unknown PRICE: $3,830,000.00.00 SF: 10000

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Address70 Simarano Dr

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