Medical Office Building in Malden Sold for $2.8 Million


MALDEN, MA— Burgess Properties Inc. announced that it has brokered the sale of a medical office building located at 405 Pearl Street in Malden, MA for $2,800,000.

405 Pearl Street is an 11,790 SF single-story office building, has 70 parking spaces on its 1.04 acre site, and is the former headquarters of North Suburban Orthopedics, Inc.

The buyer, MIC Pearl Property LLC, had tenants in place at the closing, including an approximately 3,800 SF lease with Orthopedic Surgery, Inc.

Steve Nohrden of Burgess Properties, Inc. was the sole broker in this transaction.