Capital Commercial Real Estate, LLC recently brokered the sale of an 11,300 s/f industrial warehouse at 77 Messina Dr., for $1.015 million.
Ellen Faye of Capital Commercial represented the seller, MSA Realty, LLC, and procured the buyer Rainbow Supplies, Inc. Financing was provided by South Shore Savings Bank.
According to the new owner, this location will serve as the new corporate office, showroom, training and distribution center for Rainbow's automotive, industrial and marine paint and supply business. Rainbow Supplies, Inc. is family owned and operated and serves commercial customers such as Herb Chambers Collision Center, Quirk Auto Dealerships, Clay Auto Dealerships, Central Auto Group, Today's Collision Centers, and Schlager Auto Body, as well as auto body shops throughout all of Eastern Mass. and Cape Cod.
Faye said that there was competitive interest in this location due to its proximity and access to Rte. 128 and the metropolitan Boston area. Faye said, "It made logical sense for Rainbow Supplies, Inc. to be the successful purchaser of this property due to their ties to Braintree and the South Shore. They are a first-class operation with a solid business plan, and growth strategy. The building is a perfect match."
Capital Commercial Real Estate, LLC is a full-service commercial real estate firm providing business owners and investors with leasing and sales brokerage and advisory services throughout Boston and the South Shore. For more information on Capital Commercial Real Estate visit www.capitalcommercialre.com.