Marcus & Millichap Brokers Acquire Industrial Property In Lawrence, MA For $3M

Located in Lawrence, MA, the industrial property at 65 Manchester Street was recently sold for $3,000,000. Spanning an area of 106,693 square feet, the property was purchased at a price of $28 per square foot.

Summary of Transaction Details:

• Property Type: Industrial
• Transaction Amount: $3,000,000
• Address: 65 Manchester Street, Lawrence, MA
• Market: Lawrence, MA
• Brokers: Luigi Lessa & Harrison Klein - Marcus & Millichap

Luigi Lessa and Harrison Klein from Marcus & Millichap represented the parties involved in the deal. According to Lessa, the high demand for industrial properties in proximity to I-93 has contributed to the successful closing of this transaction. The city of Lawrence has been attracting national self-storage developers, and this sale is another indication of the positive sentiment towards the area. Lessa looks forward to witnessing the transformation of the site into a modern, state-of-the-art self-storage facility.