Alterra Property Group Acquires Industrial Asset At 49 Mcgrath Road From Severance Trucking For $12M

The property asset involved in this transaction is an industrial facility located at 49 Mcgrath Road in Dracut, MA. The sale price for the property is $12,000,000, and it encompasses a total area of 33,130 square feet, resulting in a price per square foot of $362.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,000,000
• Address: 49 Mcgrath Road
• Market: Dracut, MA
• Square Footage: 33,130
• Price Per Square Foot: $362
• Buyer: Alterra Property Group
• Seller: Severance Trucking
• Brokers: Matty Drouillard & James Stubblebine - The Stubblebine Company

This transaction was facilitated by Matty Drouillard and James Stubblebine, who represent the brokerage firm The Stubblebine Company. Their involvement underscores the expertise applied in negotiating this significant deal between Alterra Property Group and Severance Trucking.