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Vacant Holliston Industrial Will Be Converted for Smaller Tenants
Marcus & Millichap closed the sale of a 52,000-square-foot vacant industrial building at 91 Kuniholm Dr. in Holliston, MA. The property sold for $2,850,000.
“The buyer intends to renovate this unique building to lease space to smaller tenants. In fact, nearly every interested investor had a vision of creating small-bay/contractor bays at this location,” said Harrison Klein, first VP investments in Marcus & Millichap’s Boston office. “Demand for smaller tenant spaces remains extremely high, and developers are turning to the conversion of existing buildings to meet this need.”
Klein marketed the property for the seller, a private investor, and procured the buyer, 561 Main Street Best, LLC.
The vacant building will undergo major renovations by the buyer. Its proximity to Wellesley, Needham and nearby affluent suburbs makes it suitable for recreational uses like gymnastics, private gyms or athletic training facilities. Evan Koogler of Kelleher and Sadowsky handled leasing for the seller and assisted in the sale.
