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CMS Partners Buys Revere Building For $1.8M

Jan 23, 2015 | Reprints | Unlock Link | Print

CMS Partners has purchased an 18-unit multifamily property in Revere for $1.8 million.

Zampic LLC sold the asset at 770 Revere Beach Parkway. Formerly known as Slades’s Mill, the building is a historic tidal powered spice mill that was converted to an 18-unit multifamily property in 2003.

NAI Hunneman Executive Vice President and Principal Carl Christie and Sales Associate Dan McGee represented the seller and procured the buyer in the sale.

"The building drew heavy interest from the investor community due to its strong location, attractive interior features and positive cash flow due to its full occupancy," Christie said in a statement.

Commercial