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Residential To Replace Offices in Somerville //Private School Expands Cape Footprint //Light Industrial in Peabody in New Hands //Arlington Retail In New Hands //Quincy Short-term Rentals in $7M+ Sale // Residential To Replace Offices in Somerville //Private School Expands Cape Footprint //Light Industrial in Peabody in New Hands //Arlington Retail In New Hands //Quincy Short-term Rentals in $7M+ Sale // Residential To Replace Offices in Somerville //Private School Expands Cape Footprint //Light Industrial in Peabody in New Hands //Arlington Retail In New Hands //Quincy Short-term Rentals in $7M+ Sale //

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%

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