SRS Arranges $16.1 Million Sale of Metro Boston Retail Property Leased to CVS/pharmacy

by Hayden Spiess

Watertown, Mass. — SRS Real Estate Partners has arranged the $16.1 million sale of a 14,400-square-foot retail property located in the western Boston suburb of Watertown. The property was built in 2016 and is leased to CVS/pharmacy on a triple-net basis. Kevin Held of SRS represented the seller, a West Coast-based family trust, in the transaction. Josh Kanter of Marcus & Millichap represented the buyer, a Massachusetts-based private investor that acquired the property via a 1031 exchange.

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