Marcus & Millichap Sells Development Site In Swampscott, MA For $1.6M

The development site located at 12-24 Pine Street in Swampscott, MA has been sold in a recent transaction. The property encompasses a total of 34 units and spans approximately 15,000 square feet. The sale took place on 12/02/2021, with a sale price of $1,593,000. This translates to a price per square foot of $106.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $1,593,000
• Units: 34
• Address: 12-24 Pine Street, Swampscott, MA
• Market: Swampscott, MA

The buyers of this development site were represented by Harrison Klein, Luigi Lessa, and Mark Lyman from Marcus & Millichap. On the other hand, John Craig, also from Marcus & Millichap, represented the sellers in this transaction.