Marcus & Millichap Inc.
09/30/2025 | Press release | Archived content
Marcus & Millichap Completes $5.78 Million Sale of Industrial and Office Property in Greater Boston Suburb
Press Releases
Marcus & Millichap Completes $5.78 Million Sale of Industrial and Office Property in Greater Boston Suburb
September 30, 2025
LinkedIn Email App
BOSTON, Sept. 29, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 76,251-square-foot industrial and office property at 930 Main Street in Acton, Massachusetts. The asset sold for $5,775,000.
"When we first approached the seller, he had an offer that was more than 30 percent below where we ultimately closed. We advised bringing the property to market, and within the first two weeks we conducted over a dozen tours, generated multiple offers and created enough competition to push the final price $275,000 over asking," said Luigi Lessa, director investments in Marcus & Millichap's Boston office.
Lessa, along with Marcus & Millichap's Harrison Klein and Mattias Edenkrans, represented the seller and procured the buyer.
"By running a competitive and transparent process, we secured a result that exceeded pricing expectations," added Lessa. "Despite challenges with tenancy and below-market rents, the exposure allowed us to select the most qualified buyer. Working closely with the lender helped us navigate issues and ensure a smooth closing. The buyer, a local investor, will now stabilize the tenancy, bring rents to market, and create a long-term, cash-flowing asset."
"This sale is indicative of the interest we are seeing in well located properties serving smaller tenants," said Klein. "These properties continue to outperform as they remain unaffected by the glut of "big box" warehouse space in New England."
Located on an 8.03-acre parcel, the seven-building campus includes about 61,700 square feet of warehouse space and 14,500 square feet of office space. The property has 11 drive-in doors, one loading dock, clear heights ranging from 16 to 20 feet, and 102 parking spaces. It is 3.5 miles from Interstate 495 and four miles from Routes 2 and 111, providing convenient access to Greater Boston and the Metro-Northwest corridor.
"When we first approached the seller, he had an offer that was more than 30 percent below where we ultimately closed. We advised bringing the property to market, and within the first two weeks we conducted over a dozen tours, generated multiple offers and created enough competition to push the final price $275,000 over asking," said Luigi Lessa, director investments in Marcus & Millichap's Boston office.
Lessa, along with Marcus & Millichap's Harrison Klein and Mattias Edenkrans, represented the seller and procured the buyer.
"By running a competitive and transparent process, we secured a result that exceeded pricing expectations," added Lessa. "Despite challenges with tenancy and below-market rents, the exposure allowed us to select the most qualified buyer. Working closely with the lender helped us navigate issues and ensure a smooth closing. The buyer, a local investor, will now stabilize the tenancy, bring rents to market, and create a long-term, cash-flowing asset."
"This sale is indicative of the interest we are seeing in well located properties serving smaller tenants," said Klein. "These properties continue to outperform as they remain unaffected by the glut of "big box" warehouse space in New England."
Located on an 8.03-acre parcel, the seven-building campus includes about 61,700 square feet of warehouse space and 14,500 square feet of office space. The property has 11 drive-in doors, one loading dock, clear heights ranging from 16 to 20 feet, and 102 parking spaces. It is 3.5 miles from Interstate 495 and four miles from Routes 2 and 111, providing convenient access to Greater Boston and the Metro-Northwest corridor.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on September 30, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 06, 2025 at 19:49 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]