bankamericaNIANTIC: A property housing a Bank of America branch for forty years located at 25 Pennsylvania Avenue was sold in a transaction represented by Marcus and Millichap.

The 3,638 square foot net-leased property sold for $2.25 million. Laurie Ann Drinkwater and Seth Richard, both first vice president of investments in Marcus & Millichap’s Boston and Manhattan offices respectively, had the exclusive listing to market the property.

Richard explained one attraction of the property, saying, “its not often that you see tenants with that much tenure at a single property.”