Log in Subscribe Front Page Current Issue Real Briefs Recent Trades Subscribe/Renew Events Advertise Contact Us
Tue, Jul 1
A Compendium of Property & Capital News
Tue
Jul 1
Boston
Log In
Subscribe
APEX Athletics Site in Peabody is Sold //New Phase for N. Andover Industrial/Flex Bldg //Bay State Water Works Keeps It In the Family //PSI Buys Cohasset Parcel for Self-Storage //Ferncroft CC in Middleton Has New Owner // APEX Athletics Site in Peabody is Sold //New Phase for N. Andover Industrial/Flex Bldg //Bay State Water Works Keeps It In the Family //PSI Buys Cohasset Parcel for Self-Storage //Ferncroft CC in Middleton Has New Owner // APEX Athletics Site in Peabody is Sold //New Phase for N. Andover Industrial/Flex Bldg //Bay State Water Works Keeps It In the Family //PSI Buys Cohasset Parcel for Self-Storage //Ferncroft CC in Middleton Has New Owner //

28,862 SF Medway Industrial To Be New Home For Marijuana Cultivation Facility After $2M Sale

March 19, 2020
4 Marc Road, Medway MA

MEDWAY–Bret O’Brien and Ben Gatti of Greater Boston Commercial Properties recently sold the 28,862 Sq. Ft. Industrial Building at 4 Marc Road to 4 Marc Road, LLC for $2,000,000.

In a release by O’Brien, the buyer has signed a long term lease with a marijuana cultivation tenant that will include a complete renovation to the property. In turn, Greater Boston Commercial Properties is now marketing the property for sale on behalf of the facilities new owner as a single tenant net leased property for $2,850,000 with $284,501 in net operation income, which represents a capitalization rate of 10%

Recent Headline News

Subscriber Content