Malden, MA Burgess Properties, LLC has brokered the sale of 180/184 Charles St. for $24.45 million.
The 64,300 s/f building on 3.8 acres has been the longtime home of awning company, Sunsetter Products – currently the asset’s sole tenant. The property is situated one block from the Malden Orange Line T and Commuter Rail Stop and close to major highways. Boston-based Quaker Lane Capital, which has other assets in the city, acquired the property.
The city is seeing a transformation in recent years, with many new developments under way, especially around its transit-oriented downtown.
Steve Nohrden of Burgess Properties was the sole broker.