Dov Hertz Of DH Property Holdings And David Luski Of DRA Advisors Acquire Industrial Warehouse In Norwood For $10.3M

The industrial property located at 85 Astor Avenue, Norwood, MA encompasses 3.98 acres and features a warehouse with a total square footage of 67,000. The asset was sold for a price of $10,300,000, translating to a price per square foot of $154. The property was delivered vacant, providing opportunities for immediate repositioning.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,300,000
• Address: 85 Astor Avenue
• Market: Norwood, MA
• Asset Size: 67,000 sq. ft.
• Price per Square Foot: $154
• Buyer: Dov Hertz - DH Property Holdings
• Buyer: David Luski - DRA Advisors
• Broker: Ovar Osvold - Colliers

DH Property Holdings and DRA Advisors have acquired the warehouse with intentions to invest $1,000,000 in capital improvements, aiming to take advantage of the strong demand for mid- and small-bay industrial space. Colliers acted as the intermediary representing the buyers in this transaction.