BOSTON—NAI Hunneman recently completed the $5.6 million sale of 22 Pond Street in Norwell, MA. The building’s current tenant, McLaren Auto and its owner BMD, LLC exercised a purchase option in their lease and acquired the property from seller Herb Chambers.
NAI Hunneman south team members Cathy Minnerly and Ovar Osvold represented the seller while the buyer was represented by Kathy Doyle of Curran Capital, LLC.
“The property has been a great location for McLaren Auto and the time was right to exercise their purchase option to have more flexibility with regards to their growth as well as any improvements that the dealership wanted to make over time,” said Minnerly.
Fronting Route 228 and located next to the intersection of Route 53 (Queen Anne’s Corner), 22 Pond Street totals 21,084 SF of showroom and back of house automotive operations with clear heights ranging from 18’ – 22’. The 2.43-acre property has six drive-in doors, wet and dry sprinkler systems, and parking for up to 175 cars.