Luzern Associates Acquires Industrial Property In Marlborough For $4.3M

The industrial property located at 410 Forest Street in Marlborough has been sold. The property spans an area of 32,500 square feet and was sold for a price of $4,300,000, resulting in a price per square foot of $132. The transaction took place on April 14, 2020.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,300,000
• Address: 410 Forest Street
• Market: Marlborough

The seller of the property was Electronic Environments Co., represented by Kenneth Rapoport. The buyer, Luzern Associates, was represented by Salvatore Campofranco. The deal was facilitated by Caleb Hudak, Ovar Osvold, and Sean Hannigan from Colliers International.

It is worth noting that the property is 100% NNN leased to Electronic Environments Co., providing a stable income stream for the buyer.