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

5 Branch Street
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This Office property located in MA was sold for $29,500,000 over 2 years ago. The brokers of the deal were Ben Appel, John Nero, Jay Miele, Allie Percoco, Michael (Mike) Greeley, Robert (Rob) Griffin, and Frank Nelson

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

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.

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Deals
  • Location
    5 Branch Street, Methuen, Massachusetts, USA5 Branch Street, Methuen, Massachusetts, USA
  • Sale Price
    $29,500,000$29,500,000
    $312 PPSF$312 PPSF
  • Area
    94,325 SF94,325 SF
  • Asset Type
    OfficeOffice
  • Parties
    7 Brokers, 1 Agency7 Brokers, 1 Agency

Agents

John Nero

John Nero

Deals6
Financed$451.8M

Jay Miele

Jay Miele

Deals6
Financed$451.8M

Ben Appel

Ben Appel

Deals6
Financed$451.8M

Allie Percoco

Allie Percoco

Deals3
Sold$91.8M

Michael (Mike) Greeley

Michael (Mike) Greeley

Deals14
Financed$451.8M

Robert (Rob) Griffin

Robert (Rob) Griffin

Deals39
Financed$5.8B

Frank Nelson

Frank Nelson

Deals7
Sold$435.1M

Agency

Newmark

Newmark

Agency
Deals3893
Volume$397.4B

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Deal Summary

SALE IMAGE: Robert Griffin, Frank Nelson, Michael Greeley, Allie Percoco, Jay Miele, John Nero & Ben Appel DATE: 11/12/2021 ADDRESS: 5 Branch Street MARKET: Methuen, MA ASSET TYPE: Medical Office BUYER: Celera Properties & AEW SELLER: Marcus Partners BROKERS: Robert Griffin, Frank Nelson, Michael Greeley, Allie Percoco, Ben Appel, Jay Miele & John Nero - Newmark SALE PRICE: $29,500,000 SF: 94,325 ~ PPSF: $313

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5 Branch Street

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