Boston-Area Industrial Asset Trades for $3M
- Mar 01, 2018
Brockton & Main LLC has purchased an industrial asset located in Brockton, Ma. from Micro Wire Products Inc. in a $2.6 million Boston-area transaction brokered by NAI Hunneman. According to public records, the new owner is an entity managed by Patagon Ventures LLC, who plans to remodel the building into a 75,000-square-foot, climate-controlled self-storage facility.
The property is located at 120 N. Main St., roughly one hour south of downtown Boston and within 45 miles of Providence, R.I. The site provides convenient access to Road 24, as well as interstates 495, 95 and 93. According to PropertyShark, the building’s construction dates back to 1950.
NAI Hunneman’s team, including Vice President Ovar Osvold, Executive Vice President Cathy Minnerly and Associate Sean Hannigan, represented the seller and procured the buyer. The brokerage team also assisted Micro Wire in finding a new 18,000-square-foot sublease at 5 Mear Road in Holbrook, Mass.
“Micro Wire Products Inc. had recently shifted (its) manufacturing operations creating the need for a smaller footprint, so we were able to identify the perfect relocation space in Holbrook, Mass. The efficiency of the new space’s layout is ideal,” said Osvold, in prepared remarks.
Image via Google Street View