BURLINGTON, MA (today)— The Investment Sales team at KeyPoint Partners, LLC has completed the sale of Beaver Brook Village on Mill Street in Dracut, Massachusetts, according to Jonathan Aron, Vice President of Investment Sales. KeyPoint Partners represented the seller and procured the buyer via auction.com. The sale price was $4.9 million.
Beaver Brook Village is a distinctive mixed-used development with 47 residential units and approximately 69,000 square feet of commercial space, located at the corner of Lakeview Avenue and Mill Street in the Collinsville section of Dracut. The residential units were fully renovated in 2007. The commercial space is anchored by the upscale Owen & Ollie’s restaurant, which recently expanded to 7,373 square feet.
“Beaver Brook Village has a strong location in a good community, with a stable roster of existing tenants”, Aron said. “The new owner can achieve excellent upside potential by renting the exiting vacant apartments and commercial space, and raising rents over time.”
With unique knowledge of the New England markets, KeyPoint Partners’ experienced Investment Sales team offers consistent results for both sellers and buyers through integrated marketing, unparalleled market research, and cutting edge technology. For more information, or a no-obligation opinion of value on retail or mixed-use investment properties, contact JAron@KeyPointPartners.com or 781.418.6225.
Headquartered in Burlington, MA, KeyPoint Partners provides a wide range of services to retailers, property owners, and financial institutions including retail brokerage, investment sales, property & asset management, construction, custom market research, and financing/consulting services. For more information about KeyPoint Partners Commercial Real Estate services, click here.