Mario Minardi Acquires Hill Office Park In Milford MA For $4.13M With Harrison Klein As The Broker

The property involved in the transaction is Hill Office Park, located at 113 Water Street in Milford, MA. This medical office park encompasses three buildings with a total square footage of 39,424 and was sold for $4,125,000, resulting in a price per square foot of $104. The asset was sold to a Worcester-based private investor despite having a 25% vacancy rate.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $4,125,000
• Square Footage: 39,424
• Price per Square Foot: $104
• Buyer: Mario Minardi
• Seller: Karim Jouki
• Broker: Harrison Klein - Marcus & Millichap
• Market: Milford, MA

The Klein Group of Marcus & Millichap, represented by Harrison Klein, facilitated the sale of the property, highlighting the transaction's significance in the regional market despite the challenges posed by vacancy rates.