SOLD
Luigi Lessa & Harrison Klein Of Marcus & Millichap Boston Sell Industrial Property In Lawrence, MA For $2.9M
516 Broadway Street
Industrial
135,770 SF
135,770 SF
Sold 1 year ago
Summary
Sale
MASSACHUSETTS
Industrial
135,770 sqft
An industrial property located at 516 Broadway Street in Lawrence, MA has been sold for a price of $2,900,000. The property spans across 135,770 square feet and was sold on 03/05/2021. The transaction involved a successful Sale-Leaseback, with B&M Office remaining as a tenant in the building. The buyer has future plans of redeveloping the site into apartments.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,900,000
- Date: 03/05/2021
- Address: 516 Broadway Street
- Market: Lawrence, MA
- Square Footage: 135,770
The sale of this industrial property was facilitated by Luigi Lessa and Harrison Klein of Marcus & Millichap Boston. They represented the buyer and seller in this transaction.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Luigi Lessa & Harrison Klein
DATE: 03/05/2021
ADDRESS: 516 Broadway Street
MARKET: Lawrence, MA
ASSET TYPE: Industrial
BROKERS: Luigi Lessa & Harrison Klein - Marcus & Millichap Boston (@marcusmillichap_Boston)
SALE PRICE: $2,900,000
SF: 135,770
NOTE: Sold 3.57% above asking. Successful Sale-Leaseback - B&M Office is remaining as a tenant in the building⠀⠀⠀⠀⠀
- Buyer plans on redeveloping the site into apartments in the futureView on map
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Address516 Broadway Street
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