ANDOVER & LAWRENCE, MA – JULY 25, 2022 – SVN | Parsons Commercial Group | Boston has completed two sales for Plover Capital LLC totaling over $4.5 million. Senior Advisor, Marci Alvarado of SVN | Parsons Commercial Group | Boston represented the buyer, Plover Capital LLC, in both transactions.
The first transaction was the sale of 176 River Road in Andover for $2.15 million. Fortis Net Real Estate represented the seller Ruffian, LLC. The building is a 6,160 square foot on 1.57 acres that was custom built for a single tenant. It is leased in its entirety to Community Vet Partners who has a long term lease in place.
The second transaction was the sale of 138 South Broadway in Lawrence for $2.4 million. Thomas Carroll of RE/Max Partners represented the seller, SCLR Realty, LLC. The building is a 10,200 square foot single story retail building on .62 acres which is occupied by a single tenant, Dollar Tree, who has a long term lease commitment in place.
“It has been my pleasure working with the Buyer, Plover Capital, LLC on these exciting investment acquisitions. These properties offered the Buyer an opportunity to purchase these investment properties with cash flow in place and the opportunity for future upside,” Alvarado said.
About SVN | Parsons Commercial Group | Boston SVN® | Parsons Commercial Group | Boston is an independently owned and operated SVN® office located in Framingham, MA. The company is a leading provider of commercial real estate services including, leasing (tenant and landlord representation), investment sales, property management, development and construction management services.
The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN® comprises over 1,600 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN® Advisors create outsize value for all stakeholders. For more information, visit www.svnpcgboston.com.
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