MATTAPOISETT, MA– Marcus & Millichap announced the sale of a 147,444-square-foot industrial property located in Mattapoisett, Massachusetts. The asset sold for $9,922,500 to a private investor.
“This was a unique opportunity to acquire a vacant warehouse with direct interstate access in southeastern Massachusetts,” said Laurie Ann “L.A.” Drinkwater, senior vice president investments. “The size and location were key to the buyers repositioning plan. Coordinating this sale took a good deal of collaboration and teamwork and it paid off for both buyer and seller.”
Drinkwater and Seth J. Richard, investment specialists in Marcus & Millichap’s Boston and Manhattan offices, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The property is located at 5 Industrial Drive in Mattapoisett and a quarter mile from Interstate 195 providing ease of access to nearby metros including, Providence, Cape Cod and Boston. Built in 1985, the building sits on 10.67 acres of land, a portion of which was sold separately at the time of closing. The site benefits from the ample parking along the front of the building with nine loading docks on the side and rear of the building with the ability to add up to six additional docks.