Keith Derba Acquires Retail Space In Abington For $1.7M With Tucker Real Estate As Buyer's Rep

The asset involved in this transaction is a retail property located at 147 Brockton Avenue, Abington, MA. The property, which is a single-tenant net lease Advance Auto Parts, spans 7,500 square feet and was sold for $1,700,000, translating to a price per square foot of $226.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,700,000
• Sale Price: $1,700,000
• Square Footage: 7,500
• Price per Square Foot: $226
• Buyer: Keith Derba
• Buyer’s Representative: Dodge Tucker, Leroy Wallace, Cohan Drainville, Teresa Venuti & Evan Nolan - Tucker Real Estate
• Market: Abington, MA

The transaction involved Tucker Real Estate, which executed a 1031 exchange for the property. The firm sourced the asset off-market and facilitated the deal, providing a high-performing income-producing NNN asset for the buyer, Keith Derba, with numerous years remaining on their lease.