
Ashland, MA Bret O’Brien and James Keefe of Greater Boston Commercial Properties, Inc. completed two sales totaling $1.9 million.
In the first transaction, the O’Brien/Keefe team represented the seller and procured the buyer in the sale of 1.7 acres on the corner of Megunko Rd. and Cherry St. The industrial zoned land is a virgin wooded lot that included site plan approval for 12,325 s/f of single-story industrial garage bay product. Greater Boston Commercial Properties, Inc. was the sole broker of record in this transaction that set a new bar for industrial land sales in the area. The O’Brien/Keefe team achieved a full price offer at $975,000 which represents a price of $79 per buildable s/f. This price per buildable s/f represents the highest in that category ever achieved by a broker in this area.
The second transaction at 94 Main St. in Northborough, Mass. consisted of a 9,336 s/f investment property for $925,000. The O’Brien/Keefe team represented the buyer in this off-market transaction, in which their client achieved tremendous value not available in the open market.
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