FRAMINGHAM, MA– Marcus & Millichap announced the sale of Framingham Development Opportunity, a 5.74 acres of land storage development opportunity located in Framingham, MA.
Nathan Coe, Brett R. Hatcher, and Gabriel Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company, and they also secured and represented the buyer. John Horowitz, Broker of Record, assisted in closing this transaction.
Framingham Development Opportunity is located at 71 Bishop Street in Framingham, MA. This property proposes 717 climate-controlled units and 213 non-climate units totaling 80,000 net rentable square feet in phase one. The property sits on 5.74 acres of land and is located about 16 miles west of downtown Boston.
Nathan Coe, the lead broker, had the following to say about the closing, “I am pleased to announce the closing of the Framingham self-storage development site. I am very excited for both the sellers and the buyers. This was a very competitive process where we received numerous offers from strong, reputable storage developers, and it sold above list price. I am excited to see the facility get built and lease up quickly.”