Leader Bank Acquires 72 Leonard Street Retail Property In Belmont For $2,725,000

The transaction involves the sale of a retail property located at 72 Leonard Street in Belmont, MA. The asset spans 2,500 square feet and has a sale price of $2,725,000, equating to a price per square foot of $1,090.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $2,725,000
• Address: 72 Leonard Street
• Market: Belmont, MA
• Square Footage: 2,500
• Price per Square Foot: $1,090
• Buyer: Leader Bank
• Seller: Matt Newman & Alex Bardin - Newman Properties
• Buyer's Representative: Dodge Tucker, Leroy Wallace, Cohan Drainville, Evan Nolan & Teresa Venuti - Tucker Real Estate
• Seller's Representative: Adam Cirel - Atlantic Retail

Tucker Real Estate represented Leader Bank during this acquisition, facilitating a smooth transaction process. The property benefits from on-site parking and a drive-through, enhancing its operational capabilities in the town center of Belmont.