Celera Properties & AEW Acquire Medical Office In Methuen, MA For $29.5M

A medical office located at 5 Branch Street in Methuen, MA was recently sold in a closed transaction. The property, spanning a total area of 94,325 square feet, was sold by Marcus Partners to Celera Properties & AEW for a sale price of $29,500,000. This equates to a price per square foot of $313.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $29,500,000
• Address: 5 Branch Street, Methuen, MA
• Market: Methuen, MA
• Buyer: Celera Properties & AEW
• Seller: Marcus Partners
• Brokers: Robert Griffin, Frank Nelson, Michael Greeley, Allie Percoco, Ben Appel, Jay Miele & John Nero - Newmark
• Square Footage: 94,325
• Price per Square Foot: $313

In this transaction, Robert Griffin, Frank Nelson, Michael Greeley, Allie Percoco, Ben Appel, Jay Miele, and John Nero from Newmark represented the buyer and seller.