Kinvarra Capital Acquires Development Site From Gary Shea In Somerville For $3.3M

This development site located at 32-40 White Street in Somerville, MA has been sold for a transaction amount of $3,300,000. The property encompasses a building size of 5,492 square feet and features a total buildable square footage of 28,903. The price per buildable square foot stands at $114, while the price per square foot is $600.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,300,000
• Address: 32-40 White Street
• Market: Somerville, MA
• Building Size: 5,492 SF
• Buildable Square Footage: 28,903 BSF
• Price per Buildable Square Foot: $114
• Price per Square Foot: $600
• Buyer: Kinvarra Capital
• Seller: Gary Shea
• Broker Representatives: Ryan Taylor & Justin Pepple - Fortune Realty

The transaction involved Kinvarra Capital as the buyer and Gary Shea as the seller, facilitated by broker representatives Ryan Taylor and Justin Pepple from Fortune Realty. This sale reflects a significant development opportunity within the Somerville market.