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Owners Developers & Managers
Posted: May 1, 2020
Cyrier and Saulnier of MANSARD represent Taurus Investment Holdings in $1.5 million sale
Dighton, MA Taurus Investment Holdings sold off a 550,000 s/f industrial/warehouse/manufacturing complex on 40.5 acres from its portfolio for $1.5 million. Jeremy Cyrier, CCIM, and Taylor Saulnier of MANSARD Commercial Real Estate represented the seller.
The buyer, Feeney Brothers Utility Services, purchased 620 Spring St. via auction on the Ten-X platform. Feeney Brothers provides comprehensive services to the utility industry throughout the Northeast. The property is 67% occupied with its largest tenant, Draka Cableteq USA, Inc., expiring in July, which will reduce the property’s overall occupancy rate to 8.33%.
Originally constructed in 1901, the property consists of 24 one and two story mill buildings situated on three parcels totaling 40 acres, bordering the Three Mile River. The buildings offer a variety of industrial features, including 18’ clear heights, 12 dock-high doors, and 3 drive-in doors along with ample column spacing. The property is 43 miles from Boston and 19 miles to Providence.
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