The Mega Group is pleased to announce the sale of 6.7 +/- acres of Industrial zoned land located at 60 Pulaski St in Peabody, MA. The property is situated along the Waters River and is easily accessible via Route 128 (Endicott Street) and Route 35. The sale of the real estate occurred on July 18, 2022, with a final closing on September 6, 2022. The property was sold for $1,600,000.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $1,600,000
• Address: 60 Pulaski St, Peabody, MA
• Market: Peabody, MA

The buyer, 60 Pulaski Street Realty Trust, purchased the property from the seller, Tannin Corporation. Brian DApice of The Mega Group represented the buyer in the transaction, while Jennifer DApice, also of The Mega Group, represented the seller. It should be noted that this was a challenging sale due to the property having an Activities / Use Limitation (AUL) on a small portion of the land. Additionally, there was a tax lien by the City of Peabody that needed to be negotiated. However, Brian DApice's expertise in closing complex real estate transactions, including those involving environmental and municipal liens, helped facilitate the deal's completion.

The Mega Group, a full-service commercial real estate firm based in Danvers, MA, specializes in properties throughout greater metropolitan Boston Massachusetts, coastal New Hampshire, and southern Maine.