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News: Front Section
Posted: October 22, 2021
Stout of Atlantic Properties brokers $3.5 million sale of 28,000 s/f building - sold on behalf of Washburn Realty, LLC to CMH Properties, LLC
Plymouth, MA Atlantic Properties, a full service commercial real estate firm, has completed the sale of 61 – 65 Industrial Park Rd. The two-story office building was sold on behalf of Washburn Realty, LLC to CMH Properties, LLC, a South Shore based, privately held real estate firm. The property was sold 50% vacant for $3.5 million.
61- 65 Industrial Park Rd., is comprised of 2.8 acres with a 28,000 s/f office building.
“The Industrial Park Rd. building was a major attraction to the buyer, CMH Properties, as the vacancy rate affords a significant value add opportunity,” said Ben Stout, managing partner of Atlantic Properties. Stout was the sole broker in the transaction.
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