As Part of 1031 exchange, 61,000-SF Industrial Building Sold for $7.4 Million in Haverhill

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HAVERHILL, MA—Brokers at the Stubblebine Company/CORFAC International and KeyPoint Partners LLC sold 45 Fondi Road, a 61,000-square-foot industrial building for $7.4 million. The building was purchased as part of a 1031 exchange.

David, James and Micah Stubblebine, Principals of The Stubblebine Company, and Ellen Garthoff, Senior Advisor at The Stubblebine Company, represented BirchPoint LLC and Lizwob Realty LLC in the transaction, while Jonathan Aron, Vice President Investment Sales of KeyPoint Partners, LLC, represented the Seller.

The building was previously occupied by Pella Windows & Doors.

Centrally located close to multiple major highways and downtown Haverhill, this 61,000-sf fully leased industrial building on 6 acres is suitable for both manufacturing and warehouse purposes with a 24’ clear height and substantial loading capacity. The building is fully leased to Boston Window & Door LLC