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Boston & New England  + Metro Boston  + Industrial  | 

Fully Occupied Newburyport Industrial Sells to Private Buyer

Marcus & Millichap closed the sale of a 38,500-square-foot industrial facility in Newburyport, MA for $4,250,000. A Boston-based team of Harrison Klein, Mattias Edenkrans and Luigi Lessa marketed the property on behalf of the local seller and procured the buyer, a private investor.

“We had a robust market process for this asset with 10 qualified offers,” said Klein. “This is a testament to the quality of this industrial park, which has one of the lowest vacancy rates in New England.”

The property is located at 11 Malcolm Hoyt Dr., in the Newburyport Industrial Park, near the New Hampshire border. It is fully occupied by Journeyman Press, a commercial printing, marketing and mail house servicing various industries. Built in 1986 and later expanded, the building features drive in loading and ample parking.

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Marcus & Millichap's Klein

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition