SVN Parsons Group Sells 70 Industrial Ave. Lowell for $2.8 Million+

LOWELL — SVN Parsons Commercial Group Boston, recently announced the completion of the sale of a 44,472 square foot building on approximately 2.48 acres at 70 Industrial Ave. East, Lowell Massachusetts for $2,875,000. Senior Real Estate Advisor, Marci Alvarado of SVN Parsons Commercial Group Boston represented the Seller, Pagson, LLC, and procured the Buyer, 4th Corner, LLC.

Marci Alvarado reported that “Despite the ongoing pandemic the strength of the industrial property investment market in the Greater Boston area is evident especially for well-located assets. The new owners, with the assistance of our brokerage firm, are planning to lease out the vacant space which is approximately 38,000 SF that offers a mix of office and R&D type space. The property is well suited for a medical device or lab company, testing facility, light manufacturing operation, and many other types of businesses. The property features easy access to major highways, plenty of parking, and will offer incoming tenants the benefits of a local hands-on owner.”