Cook of NAI/J.L. Davis Realty sells 20,000 s/f whse./office bldg. - $1.61m

April 01, 2009 - Northern New England

3 Green Tree Drive - South Burlington, VT

Averill Cook of NAI/J.L. Davis Realty sold a 20,000 s/f flex warehouse/office at 3 Green Tree Dr. in the Green Tree Industrial Park to Neatec LLC. The seller is Joe and Linda Baciagalupo.
Cook was the listing and selling agent in the $1.615 million transaction.
The 100% occupied building, which contains 16,000 s/f of warehouse space and 4,000 s/f of office space, is situated on a 2.14 acre parcel.
The buyer is a construction company that purchased the building for their headquarters and will occupy the building by the fall. A short term 6 month lease-back is in place.
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