Klein of Marcus & Millichap arranges $2.85 million sale of 52,000 s/f industrial space

Holliston, MA Marcus & Millichap completed the sale of a 52,000 s/f vacant industrial building. The property sold for $2.85 million.

“The buyer intends to renovate this unique building to lease space to smaller tenants. In fact, nearly every interested investor had a vision of creating small-bay/contractor bays at this location,” said Harrison Klein, first vice president investments in Marcus & Millichap’s Boston office. “Demand for smaller tenant spaces remains extremely high, and developers are turning to the conversion of existing buildings to meet this need.” Klein had the exclusive listing to market the property on behalf of the seller, a private investor, and procured the buyer, 561 Main Street Best, LLC.

The industrial property at 91 Kuniholm Dr. offers 52,000 s/f of space, featuring loading docks and a 16-foot clear height. The vacant building will undergo major renovations by the buyer. Its proximity to Wellesley, Needham, and nearby suburbs makes it a prime location for recreational uses like gymnastics, private gyms, or athletic training facilities. Evan Koogler of Kelleher & Sadowsky handled leasing for the seller and assisted in the sale.