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Beverly Industrial Property Sells for $76M

May 31, 2019 | Reprints | Unlock Link

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Image courtesy of Google Maps.

An industrial parcel next to a senior living facility in Beverly has sold for $76 million, according to information filed with the Essex Registry of Deeds.

The 36.9-acre plot at 108 Cherry Hill Drive is valued at $29.5 million and was last sold in 2017 for $49 million, according to city property records.

The seller was Illinois-based real estate investment firm Asa Properties/Middleton Management. The buyer was Rochester, New York-based real estate investment manager Broadstone.

B&T Daily