Marcus & Millichap Arranges Sale of a 48,000-Sq.-Foot Industrial Property in North Attleborough

NORTH ATTLEBOROUGH, Mass.– Marcus & Millichap (NYSE: MMI) introduced the sale of 215 Plain St., a 48,000-square-foot small bay industrial property situated in North Attleborough, Massachusetts. The asset offered for $7,050,000.

“This transaction confirmed rising curiosity from refined buyers in small bay amenities,” stated Harrison Klein, first vp investments. “Tenant demand for this product is extraordinarily robust and new provide is minimal.”

James Manning, affiliate, added, “Over the previous two years, we had been in a position to assist our purchasers push rents considerably, creating premium pricing after they made the last word resolution to promote.”

Klein and Manning, funding specialists in Marcus & Millichap’s Boston workplace, had the unique itemizing to market the property on behalf of the vendor, a personal investor, and procured the customer, a Massachusetts-based non-public investor.

Constructed in 2006 on over seven acres, the commercial property is conveniently situated between Interstate-95 and Interstate-495 and solely a 35-minute drive from downtown Boston. The asset options between 19- and 21-foot clear heights, 16 drive-in doorways, and 68 parking areas.

The property affords tenants 3,000 to 9,000 sq. toes of house and industrial outside storage. Present tenants embody Tri-Alpha Gymnastics, Fastenal Firm, Autopart Worldwide, and Pink Herring Movement Image Lighting, Inc.

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