New England building sells for $11 million

Massachusetts senior apartment complex changes hands
Published on Jan 27, 2006

A senior apartment complex on the Massachusetts Cape sold for $11 million, brokered by Hunneman Commercial, a provider of commercial real estate services to corporations. Le Nguyen, who was represented by Hunneman, snapped up the 111-unit apartment complex in Hyannis, Mass., currently used for senior housing. Peter Rand of United Properties in Bloomington, Minn., represented the seller, Sanders Ackerberg. Located at 290 West Main St., Hyannis House is a three-story apartment complex with one-, two- and three-bedroom units and two studios. It offers an accessible location in Hyannis close to recreation, medical facilities and retail shopping.  Apartment amenities include dishwashers, large walk-in closets, balcony or patio with electric outlet and lighting, separate dining areas and kitchens with pantries and oak cabinetry. Common-area amenities include laundry facilities, controlled entrance with intercom system, party room, and an exercise room with sauna and showers. "From an i...

Comments