Marcus & Millichap Brokers Sale of Two Industrial Properties in Taunton

0
1005

TAUNTON, MA – Marcus & Millichap announced the sale of two industrial properties in Taunton, Massachusetts.

Harrison Klein, Mark Lyman and James Manning, investment specialists at The Klein Group of Marcus & Millichap, had the exclusive listings to market the properties. The team also secured the buyers.

Harrison Klein comments, “These two separate closings are indicative of the opportunity today for legacy owners to sell at massive premiums compared to two to three years ago. We still see this park trading at a substantial discount to comparable properties north of Boston, offering strong value for buyers.”

30 Robert W Boyden Road is located within the 8 million square foot Myles Standish Industrial Park. The 66,150 square foot industrial condominium property was purpose-built in 2006 and features typical bay sizes of 3,100 square feet. The property sold for $7,500,000.

Less than 5 minutes down the road is 25 Constitution Drive, a 25,326 square foot flex building on 3.20 acres. The Klein Group was able to introduce the buyer to this property and facilitate a seven-year sale-leaseback. The property sold for $3,100,000. Built in 1987, the property has been occupied by Controls for Automation since 2011. The two-story structure features three loading docks and one drive-in door. This transaction allowed the seller to capitalize on today’s strong market while securing their long-term occupancy of this facility.

Advertisement