Concept Components Acquires Industrial Property From Petrocelli Family In Holbrook For $2.675M

The industrial asset located at 1699 Church Street in Holbrook was sold for $2,675,000. The property encompasses approximately 13,463 square feet and is fully leased to Towers Gymnastics under a NNN lease, which includes one four-year renewal option remaining. Situated in a core industrial corridor, the building features high clear ceiling heights and presents opportunities for long-term value appreciation.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,675,000
• Address: 1699 Church Street
• Market: Holbrook
• Square Footage: 13,463
• Price Per Square Foot: $198
• Buyer: Concept Components
• Seller: Petrocelli Family
• Buyer's Representative: John Giannuzzi & Nicholas Gallipoli - Cushman & Wakefield
• Seller's Representatives: Daniel Abbondandolo, Joegy Raju & Victor Little - Cushman & Wakefield

Cushman & Wakefield facilitated the transaction, highlighting its key characteristics and the strategic location of the asset within the industrial market. Dan Abbondandolo serves as the Executive Director at Cushman & Wakefield and can be contacted for further details regarding the transaction.