MANSARD brokers $3.75 million sale of 5 Federal St. - office investment property

Danvers, MA MANSARD Commercial Properties has completed sale of 5 Federal St., a well-located office investment property, for $3.75 million. 

The property was publicly marketed by MANSARD on behalf of the seller, William E. Lee Trust, and was acquired by Top Notch Products, represented by Brian Kindlan of Lamacchia Realty, following a competitive marketing process. The transaction was brokered by Jeremy Cyrier, CCIM, CRE, principal at MANSARD Commercial Properties. 

The two-story office building comprises 30,000 s/f on 1.63 acres and is located near Rte. 128 and I-95, offering strong regional accessibility throughout the North Shore and Greater Boston. 

The asset is anchored by Beth Israel Lahey Health, which occupies the entire first floor under a long-term lease, providing stable institutional tenancy. The property also features ample on-site parking and flexible office configurations suitable for professional and medical users. 

“This transaction demonstrates that well-located office assets with strong tenancy and real world functionality continue to attract qualified buyers when properly positioned and marketed,” said Cyrier. “5 Federal St. offered a rare combination of location, income stability, and long-term flexibility, which resonated with the buyer pool.” 

Top Notch Products acquired the property to support its long-term operational and strategic objectives, while the William E. Lee Trust successfully completed a disposition aligned with its investment strategy.