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Mixed-Use Buildings Along Mass. Ave. In Arlington Sell For $850K

Dec 3, 2009 | Reprints | Unlock Link | Print

1183-1187 Massachusetts Ave., Arlington A set of mixed-used buildings on Massachusetts Avenue in Arlington have been sold to 369 Mass. Ave. Nominee Trust for $850,000, according to a statement.

Jeremy Cyrier, CCIM and Lisa Carpenter, of MANSARD Commercial Properties, sold 1183-1187 Massachusetts Ave. on behalf of the John A. Archer 2003 Family Trust.

The property was assessed at $785,200 for fiscal 2009, according to data obtained from The Warren Group, publisher of Banker & Tradesman.

The transaction marks one of few commercial real estate sales in Arlington to date, but represents the significant demand for commercial assets along the Massachusetts Avenue commercial corridor in Arlington, according to a statement.

"We generated significant interest in the property through our positioning, and were able to generate several offers to purchase the property," Cyrier said.

Commercial & Industrial