Hyannis building sold for $2.77M for use as community health center?

Harbor Health Services, Inc. is a nonprofit health care organization that operates three community health centers in Boston, the South Shore, and Cape Cod, serving more than 26,000 medical patients and 10,000 dental patients. Harbor Health Services was represented by Wianno Realty of Osterville.

HYANNIS, Mass. &8212; A former fitness complex will be reworked into prime medical space for Harbor Health Services after the $2.7 million sale of 735 Attucks Lane in Hyannis.

The building had been vacant before the sale, according to Shields.

When I saw it, the building had been sitting for a couple of years…I saw it and I thought it just had huge potential and somebody should own it, he said.

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We were going to buy it and do it just as a lease deal, he said, adding that when Harbor Health showed interest the deal was reworked as a sale.

Hyannis building sold for $2.77M for use as community health center?,John Shields, of The Realty Advisory, Inc., completed the multi-stage deal for the 21,000-square-foot former racquet and fitness complex which had been vacant for a few years.

It was all about identifying value, bringing together investors who could see the vision of value being created through this repositioning, and matching it with the right buyer, said Shields, whose company specializes in finding and building value for commercial buyers, community health servicessellers, and investors.

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By Beth Perdue

Harbor Health services will renovate and use approximately 15,000 square feet of the building, on the first level, as a community health center. The remaining 5,500 square feet will be retained for possible expansion in the future, Shields said.

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