Burlington, MA:  April 14, 2023: Summit Realty Partners, Inc. is pleased to announce its involvement in the marketing and sale of a 12,395 +/- square foot, three-building commercial property on 1.16 +/- acres at 169-175 Cambridge Street (State Route 3A) in Burlington, MA.

The property sold for $2,550,000 on April 10, 2023. This 1.16 +/- acre property is improved with three mixed-use commercial buildings totaling 12,395 +/- square feet and occupied by a mix of retail, service, and office tenants.  Positive attributes of the property include short-term leases, under market rents, strong demographics, and excellent location in a retail node at a lighted intersection with traffic counts in excess of 22,000 vehicles per day.

Summit was approached by the long-time property owner in May 2022 with a requirement to sell the property. Summit engaged and implemented a full-scale marketing campaign to widely market the property and ended up receiving multiple offers. The property was purchased by Aryan Shiva Godwin, LLC, who plans to continue to operate the property as a multi-tenant commercial investment. Relatively short-term leases with multiple tenants on the property should provide the new owner with immediate cash flow but flexibility to add value.

Chris McMahon of Summit Realty Partners Inc. represented the seller in this transaction and Joginder Saini of New Home Realty represented the buyer.

With over 25 years of experience, Summit Realty Partners Inc. is a full service commercial real estate firm headquartered in Lexington, Massachusetts. For more information, please visit www.summitrealtypartners.com or contact 781.862.9700 / go@sumrp.com. We look forward to hearing from you.