Cambridge Capital Advisors has brokered the sale of Flex Center One, a multi-tenant, net-leased, flex building located at 259 Samuel Barnet Blvd. The sale price was $2.05 million ($51 per s/f). Built in 2002 and located in the New Bedford Business Park, the 40,200 s/f industrial and light manufacturing flex building can be divided into as many as five tenant spaces. The building is currently 81% occupied by three tenants.
Richard Barnes, associate director of Cambridge Capital Advisors, identified the seller and represented the buyer in this transaction. The property was sold by 259 Samuel Barnet Blvd., LLC to G. McCarthy Properties - New Bedford, LLC.
Cambridge Capital Advisors is a commercial real estate firm that provides strategic brokerage and consulting services to both private and institutional clients.
throughout the country on the acquisition and disposition of investment properties.