Archelon Properties Acquires Fully Leased Industrial Condo In Wilmington For $4.58M

The asset involved in this transaction is an 18,000-square-foot industrial condo located at 16 Upton Drive in Wilmington, MA. The property was sold for $4,580,000, resulting in a price per square foot of $254. It is fully leased and tenanted by Por-Shun, Inc.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $4,580,000
• Square Footage: 18,000
• Price per Square Foot: $254
• Address: 16 Upton Drive
• Market: Wilmington, MA
• Buyer: Archelon Properties
• Brokers: Anthony Triglione & Rick Bartley - Nordlund Associates
• Tenant: Por-Shun, Inc.
• Transaction Method: 1031 exchange

Nordlund Associates’ Anthony Triglione and Rick Bartley represented the buyer, Archelon Properties, in this transaction. The deal involved the acquisition of a fully leased industrial property.