Marcus & Millichap Arranges the Sale of Hubbardston Storage Development OpportunityMay 25, 2021
HUBBARDSTON — Marcus & Millichap has completed the sale of Hubbardston, Massachusetts Storage Opportunity, a proposed self-storage development that is slated for 47,800 net rentable square feet of storage in Hubbardston, Massachusetts, according to Grant Fitzgerald, Regional Manager of the firm’s Columbus office.
Nathan Coe, Brett R. Hatcher and Gabriel Coe, investment specialists in Marcus & Millichap’s Columbus office, had the exclusive listing to market the property on behalf of the seller and they also secured the buyer for the development. John Horowitz, Massachusetts Broker of Record, assisted in closing this transaction.
“I am pleased to announce the sale of the entitled self-storage development land in Hubbardston, Massachusetts,” said Nathan Coe, the lead broker involved in the transaction. “We had several competitive offers, many over list price, and closed well above list price. The list to close timeline was less than 80 days which is extremely fast for a development deal. I am very excited for the seller on the sale. The buyer acquired a tremendous future storage development site that I look forward to seeing as it comes to fruition.”
The Hubbardston, Massachusetts Storage Opportunity is located in Hubbardston, Massachusetts which is about 45 miles west of Boston. This property proposes 288 non-climate controlled units totaling 47,800 net rentable square feet.