GEMS Realty Acquires Industrial Property In Danvers, MA For $1.81M

The Mega Group is pleased to announce the sale of 6 Garden Street in Danvers, Massachusetts. The property is an industrial building with a total area of 35,240 square feet. It was sold for a price of $1,810,000, resulting in a price per square foot of $51. The transaction took place on December 3, 2021.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $1,810,000
• Address: 6 Garden Street, Danvers, MA
• Market: Danvers, MA

The buyer in this transaction was GEMS Realty, while the seller was Garden Street Partners. The brokers involved in the deal were Jason K Clark and Colleen Cohan from The Mega Group.

The subject property consists of a 9,232 square foot industrial building with an office tenant occupying 2,960 square feet of the space. The remaining 6,272 square feet is light industrial flex space suitable for various trades, warehousing, or general office use. The property offers convenient access to a 10x10 delivery rollup accessible by a loading dock. It is equipped with three-phase commercial-grade electric service and four newer 7.5-ton rooftop central heat and AC units. Additionally, there are approximately 32 off-street parking spaces available.

The purpose of the sale was retirement, and the buyers, represented by Colleen Cohan of The Mega Group, plan to use the space to headquarter their commercial bakery business, known as Cookie Monstah. Cookie Monstah currently operates four locations in Swampscott, Peabody, Burlington, and Needham. The buyers intend to make 6 Garden Street their new home office and commercial distribution kitchen.

The Mega Group, founded in 1997 and based in Danvers, MA, is a full-service commercial real estate firm. They primarily assist investors and property owners in the greater metropolitan Boston area, coastal New Hampshire, and southern Maine. The company utilizes personal touches and traditional marketing methods to fulfill their clients' needs in the commercial real estate market.