CAMBRIDGE, MA – Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of 2-8 Hingham Street, an 8-unit apartment property located in Cambridge, MA.
John Horowitz, regional manager of the firm’s Boston office, said the property was sold for $5,000,000.
Kendin Carr, an investment specialist in Marcus & Millichap’s Boston office, had the exclusive listing to market the property on behalf of the seller, a partnership.
“It was a pleasure to represent the seller in this transaction. Our dynamic sales process was able to generate strong interest, and multiple bids, from both local and international investors. All of whom were interested in a seasoned asset, with an ideal location and strong rental history” Carr stated.
Carr also expressed that the assets’ proximity to Harvard Business School, Central Square, Harvard Square, and public transportation highlight the reasons the City of Cambridge continues to be a high demand real estate market for investors.