Joel Aho, senior associate at O'Brien Commercial Properties recently represented the buyer in the acquisition of 85 Hayes Memorial Dr.
The 28,000 s/f building is located on 1.99 acres of industrial zoned land, and it was a fully occupied investment property at the time of the sale.
"This acquisition fits nicely into the buyer's existing portfolio from both a geographic and property type perspective," said Aho. "The fact that the property was 100% leased to a single tenant with a long history in the building made it all the more appealing to the new owner from a management standpoint."
The building was originally built in 1974 and expanded in 1998. The sale price was $2.1 million. Senior vice president Wayne Spiegel and associates William Lynch and Timothy O'Brien of Colliers Meredith & Grew represented the seller, EPP Real Estate, LLC