FITCHBURG, MA — October 4, 2021 — Tri Town Commercial Advisors (formerly Tri Town Retail Advisors) announces the successful sale of two gas station properties located at 652 Water Street and 2 Boulder Drive in Fitchburg, Massachusetts.
Tri Town represented the seller and successfully procured the buyer, a local gas station operator who acquired both properties to expand an existing portfolio of fuel-related real estate.
The transaction generated multiple offers from prospective purchasers and was completed within approximately 90 days of going under contract.
The sale highlights Tri Town Commercial Advisors’ experience in commercial investment sales, gas station and convenience store properties, portfolio acquisitions, and representing owners of specialized commercial real estate throughout Massachusetts.
Two Established Gas Station Properties Sold in Fitchburg
The transaction involved two gas station properties located approximately one mile apart in Fitchburg.
Both properties had longstanding histories of fuel operations and had been owned and operated by the same family for multiple generations.
The sale provided an opportunity for a local operator with existing gas stations in the surrounding market to expand its portfolio through the acquisition of two established locations.
For buyers operating multiple gas stations, acquiring properties within an existing geographic footprint can offer opportunities to consolidate operations, expand market presence, and leverage existing management resources.
The acquisition of 652 Water Street and 2 Boulder Drive demonstrates how established gas station properties can attract interest from regional operators seeking portfolio growth.
Multiple Offers Generated Through Targeted Buyer Outreach
Tri Town Commercial Advisors represented the seller throughout the disposition of both properties, leveraging its network of gas station operators, investors, and commercial real estate buyers to generate interest in the offering.
The marketing process resulted in multiple bids, ultimately leading to a sale to a local operator with existing gas station holdings in the immediate area.
“We have a deep network of qualified buyers seeking to purchase gas stations and convenience store locations, so this offering produced multiple bids for our seller and ultimately went with a local portfolio buyer with existing stations in the immediate area,” said Eric Szczepkowski, Partner and Executive Vice President of Tri Town Commercial Advisors.
“We went from contract to close in 90 days, and couldn’t be more pleased with the overall seamless process.”
The completed transaction demonstrates the importance of identifying qualified purchasers with experience operating and acquiring specialized commercial properties.
For gas station owners considering a sale, reaching established operators and portfolio investors can be an important component of an effective disposition strategy.
Gas Station Portfolio Sales and Investment Transactions
Gas stations and convenience stores represent a specialized segment of commercial real estate, often attracting interest from owner-operators, regional fuel retailers, and investors seeking established commercial locations.
Transactions involving multiple properties can present additional considerations, including portfolio valuation, operational infrastructure, environmental due diligence, and coordination of the acquisition process.
Buyers evaluating these assets may consider factors such as location, fuel infrastructure, property condition, operating history, and opportunities to integrate additional locations into their existing businesses.
For sellers, understanding the requirements of these prospective purchasers can help inform property positioning, marketing, and negotiations.
The Fitchburg transaction demonstrates Tri Town Commercial Advisors’ experience connecting gas station owners with qualified buyers seeking to expand their commercial real estate portfolios.
Commercial Investment Sales Throughout Massachusetts
The sale of 652 Water Street and 2 Boulder Drive adds to Tri Town Commercial Advisors’ history of completed commercial property transactions throughout Massachusetts.
The brokerage represents buyers, sellers, landlords, and tenants across a broad range of property types, including retail, office, industrial, hospitality, automotive, mixed-use, and development properties.
Its services include commercial property sales, investment transactions, portfolio acquisitions, landlord and tenant representation, ground leases, and development site transactions.
In addition to serving Southeastern Massachusetts and Rhode Island, Tri Town Commercial Advisors works with commercial property owners and investors throughout Greater Boston, Central Massachusetts, and other New England markets.
Whether marketing a single commercial property or coordinating the sale of multiple assets, the brokerage provides transaction strategies designed around each client’s objectives.
Considering Selling a Gas Station, Convenience Store, or Commercial Property?
Owners of gas stations, convenience stores, and other specialized commercial properties may benefit from working with a brokerage that understands the characteristics of these assets and maintains relationships with prospective buyers.
For more information about selling a gas station, convenience store, commercial investment property, or portfolio of commercial assets, contact Tri Town Commercial Advisors.