2/21/2008

Boston industrial facility on the block for $19M

by

1 Commercial St.

Marcus & Millichap Real Estate Investment Services has the listing for a single-tenant industrial building in the Boston suburb of Sharon, Mass. The property has an asking price of $19.1 million.

Lior Regenstreif of the firm's Encino, Calif., office is representing the seller in the offering.

The 103,171 square foot cold storage facility is located at 1 Commercial St. in Sharon, an affluent Boston suburb. Situated on 9.97 acres, it is fully occupied by Preferred Freezer, the fifth largest Public Refrigerated Warehouse company in the country. The building is being offered for $185 per square foot or $24 per cubic foot.

Regenstreif is a retail associate at Marcus & Millichap and specializes in the brokerage of single-tenant properties. In October 2007, he finalized the $66.5 million sale of the Mervyn's office building in the Oakland suburb of Hayward, Calif.

Address: 1 Commercial St., Sharon, Mass.

Size: 103,171 square feet

Built: 2002

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Filed Under: Industrial

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