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Owners Developers & Managers
Posted: October 27, 2017
Pilla, Hasenjaeger and Obar of Paramount Partners broker $7.194 million sale of Ocean State Auto Auction
Exeter, RI Richard Pilla, Darren Hasenjaeger and Sam Obar of Paramount Partners brokered the sale of Ocean State Auto Auction, 10 Industrial Dr., for $7.194 million.
Paramount Partners represented the seller, Ocean State Auto Auction, Corp., and procured the buyer, Copart of Connecticut, Inc., a subsidiary of Copart USA of Dallas, TX.
Fronting I-95, Ocean State Auto Auction is the only licensed auto auction in the State. The sale included the business, on 38.5 acres, and three buildings totaling 55,830 s/f. The property has the capacity to hold more than 1,800 vehicles.
Paramount Partners is a full-service commercial real estate solutions company.
with offices in Quincy, MA and Old Saybrook, CT. As the New England member of Retail Brokers Network (RBN), Paramount can provide local market expertise in over 60 of the Country’s most dynamic markets.
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