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John Dudley Acquires Pope Industrial Park In Holliston MA For $6 Million From Dan King

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SOLD
$6,000,000

Massachusetts

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Industrial84,199 SF
Sold 12/04/2024
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SOLD

John Dudley Acquires Pope Industrial Park In Holliston MA For $6 Million From Dan King

1645 Washington Street

See Similar Deals
Industrial84,199 SF
Sold 12/04/2024
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Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$71
Total Square Footage:84,199 SF
Transaction Type:Sale

The property involved in this transaction is the Pope Industrial Park, which spans 33.88 acres and consists of 11 parcels and 9 buildings with a total square footage of 84,199. Located at 1645 Washington Street in Holliston, MA, the property was sold for a price of $6,000,000. The industrial park includes various tenants, a billboard, and a cell tower, with approximately 22 acres of undeveloped land situated at the rear of the park.

Summary of transaction details:

James Keefe and Nishan Papazian from Greater Boston Commercial Properties Inc. represented the seller in this complex transaction. The seller, Dan King, expressed appreciation for the brokerage's efforts in navigating the intricacies of the multi-tenant industrial park sale. John Dudley, the buyer, acknowledged the commitment and expertise of James and Nishan in completing this challenging deal, highlighting their capability to manage the demands of the transaction effectively.

Players

James Keefe
16 deals$42.9M volume
BROKER

Nishan Papazian
Greater Boston Commercial Properties
6 deals$29.1M volume
BROKER

Details

SOLD
IMAGE: James Keefe & Nishan Papazian DATE: 12/04/2024 ADDRESS: 1645 Washington Street MARKET: Holliston, MA ASSET TYPE: Industrial BUYER: John Dudley SELLER: Dan King SELLER'S REP: James Keefe & Nishan Papazian - Greater Boston Commercial Properties SALE PRICE: $6,000,000 SF: 84,199 ~ PPSF: $71 NOTE FROM BROKER: James Keefe and Nishan Papazian of Greater Boston Commercial Properties Inc. have completed the sale of the 33.88-acre Pope Industrial Park. GBCP exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $6,000,000. The 11-parcel campus located off Route 16 contains 9 buildings totaling 84,199 Sq. Ft. and is home to 16 tenants including a billboard and a cell tower. In the rear of the park sits approximately 22 acres of undeveloped land. The buyer, John Dudley, remarked, “James and Nishan worked relentlessly to complete the purchase of a pretty complicated transaction of this multi-tenant industrial park for us. Very few brokers could have pulled this off. We highly recommend them.” The seller, Dan King, who owned the park for over twenty years, said, “It was a complicated transaction, with 9 buildings, 11 parcels, 16 tenants, and 22+ acres of land with development potential, but GBCP was able to keep it on track through several twists and turns to a successful closing.”

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