News: Brokerage

Marcus & Millichap brokers $2.525 million sale of industrial property

Middleton, MA Marcus & Millichap completed the sale of an industrial condominium. The asset sold for $2.525 million.

“The quality of this industrial condo drove interest from owner-users and investors,” said Mattias Edenkrans, associate director investments in Marcus & Millichap’s Boston office. “Ultimately, the low market vacancy in this core North Shore market appealed to an investor group that purchased with conviction, allowing us to achieve certainty of execution for our client.”

Edenkrans and Luigi Lessa of Marcus & Millichap exclusively marketed the property on behalf of the seller, E Homes Realty, LLC, and procured the buyer, Richardson Green.

The property, located at 30 Log Bridge Rd. #303, is a 12,975 s/f industrial condominium on a 13.51-acre lot. The property is split into a 7,025 s/f warehouse, a 2,975 s/f showroom on the first floor and a 2,975 s/f second floor office space. It was built in 2016 and includes 25 parking spaces.

30 Log Bridge Rd. is situated in a business park adjacent to Rte. 114 and close to I-95 and 93. The property is also near local retailers and within 20 miles of Boston.

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