
Burlington, MA Benjamin Gatti of Greater Boston Commercial Properties, Inc. represented the seller in the sale of 5 Ray Ave. The 5,500 s/f freestanding flex building is situated on 0.37 acres off Rte. 3 and I-95.
The property sold for $1.845 million, which represents a per s/f price of $335 and is the highest comp for flex/industrial building sales in the area. The buyer, HUB Building Maintenance, Inc. intends to occupy the building for their business.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and