Marcus Partners Acquires 14.7 Acre Multifamily Development Site In North Attleboro For $6.61M

582 Kelley Boulevard is a multifamily development site located in North Attleboro, MA, covering 14.7 acres. The property was sold for $6,608,750, resulting in a price per unit of $21,739, with a total of 304 units available on the site. The price per acre amounts to $449,574.83.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,608,750
• Units: 304
• Acres: 14.7
• Price Per Unit: $21,739
• Price Per Acre: $449,574.83
• Buyer: Marcus Partners
• Seller: Matthew Geminiani
• Seller's Representative: David Linehan, Jeremy Freid, Tyler Capecci & Adam Meixner - 128 CRE

The transaction was facilitated by Marcus Partners acquiring the development site, with support from the 128 CRE brokerage team, which includes four representatives aiding in the deal execution.