News: Front Section
Posted: August 5, 2016
NAI Hunneman’s Capital Markets Group brokers $5.25 million sale
David Ross, NAI Hunneman
Ovar Osvold, NAI Hunneman
Gina Barroso, NAI Hunneman
Brockton, MA NAI Hunneman’s Capital Markets Group brokered the $5.25 million sale of an 84,000 s/f warehouse/manufacturing property located at 1010 West Chestnut St.
Executive vice president David Ross along with vice president Ovar Osvold and assistant vice president Gina Barroso represented the seller Jack Straw Realty Trust and procured the buyer NorthBridge Partners LLC.
1010 West Chestnut Street - Brockton, MA
“Pride in ownership was well evident at 1010 W. Chestnut with occupancy at 100%, and 3 long-term quality tenants. There was a lot of interest from investors, since the property generated long-term stable cash flow, along with scheduled rental increases in-place,” said Ross.
Set on 8.75 acres of land in West Chestnut Commerce Center, 1010 West Chestnut St. is an 84,000 s/f warehouse/manufacturing building with excellent frontage and visibility along Route 24, as well as close proximity to both Route 128 and Interstate 495. The building is subdivided into four rentable units of industrial office and warehouse use, offering desirable and flexible tenant layouts.
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 6,700 professionals and 375 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets.
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