Stonegate Group Acquires 40,000 SF Industrial Property In Framingham, MA For $2.5M

The 40,000-square-foot industrial property located at 763 Waverly Street in Framingham, Massachusetts, has been sold for $2,500,000. The transaction was handled by Marcus & Millichap, who represented both the buyer, Stonegate Group, and the seller. The sale price amounts to a price per square foot of $63, reflecting the value of the property in the market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $2,500,000
• Square Footage: 40,000
• Price per Square Foot: $63
• Address: 763 Waverly Street, Framingham, MA
• Market: Framingham, MA

The successful acquisition of this industrial property by Stonegate Group signifies the growing interest in the area and showcases the confidence of local investors in the market. The deal was facilitated by the brokers Harrison Klein and Mark Lyma from Marcus & Millichap, who played a key role in connecting the buyer and seller and ensuring a smooth transaction.