Herrick Lutts Realty Partners Represents Seller In $15 Million Industrial Sale In Peabody MA

The transaction involves an industrial property located at 56 Pulaski Street in Peabody, MA, selling for $15,000,000. The asset encompasses 584,139 square feet and has a price per square foot of $26. The property includes industrial land with a steel warehouse and a small office, situated on approximately 13.41 acres, which includes two parcels identified as 053-046A & 053-083A (56A and 58R Pulaski Street) according to assessors.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,000,000
• Square Footage: 584,139 SF
• Price Per Square Foot: $26
• Address: 56 Pulaski Street, Peabody, MA
• Seller's Representative: Paul Herrick, Nicholas Zolotas & Peter Lutts - Herrick Lutts Realty Partners

The sellers were represented by Herrick Lutts Realty Partners, with Paul Herrick procuring the buyer for this transaction. The sale involved significant coordination around the two parcels that form the total of 13.41 acres, reflecting a strategic investment in industrial land in the Peabody market.