CLOSING ANNOUNCEMENT | 15 Essex Street & 1-3 Gerrish Place

North Shore Realty Advisors Inc. is pleased to announce the recent sale of 15 Essex and 1-3 Gerrish Place located within the Salem Commons District of Salem, MA. The offering consisted of one (1) four-unit building (15 Essex) and one (1) ten-unit building (1-3 Gerrish Place). The property consists of six (6) two-bedroom units, and eight (8) one-bedroom units, with 15 surface parking and laundry facilities. The portfolio is situated on a leveled paved lot of .33 acres (15,072 SF) with a total gross square footage of 18,674 ± and rentable square footage of 10,998 ±.

Dan Pouladian facilitated this deal as an off-market transaction and assisted in negotiating terms for owner financing. Our team would like to congratulate our client on a successful transaction as Pouladian represented the Buyer. Armstrong Field Realty represented the Seller within the transaction. We would like to congratulate everyone on this great deal in Salem and a pleasure working with Matt Sears with Armstrong.

Due to market conditions our team is obtaining multiple off-market properties for 1031 exchanges. If you are considering selling or seeking to identify a property for your exchange, please contact us as we might already have what you are looking for.

Please let us know how we can assist you on either side of the transaction.

Information concerning the property described herein has been obtained from sources other than North Shore Realty Advisors and NSRA make no representations or warranties, express or implied, as to the accuracy or completeness of such information and are subject to errors and omission. Dan Pouladian Broker of record #950620 North Shore Realty Advisors, Inc. (d/b/a North Shore Realty Advisors) is a Massachusetts Corporation.