After acquiring a shell industrial property in foreclosure for $1.8 million in 2011, Hudson-based Calare Properties has sold 417 South St. in Marlborough to a fund managed by Berkeley Partners of San Francisco.

The 14.5-acre site contains a 145,600-square-foot flex building leased to IEP Technologies, BWT Pharma & Biotech, Mintra and Metropolitan Warehouse & Delivery. 

CBRE’s Scott Dragos, Doug Jacoby, Chris Skeffington, Roy Sandeman, Tony Hayes and Dan Hines represented Calare in the transaction.

“Calare recognized the strategic value of this asset as one of the few newly built industrial properties in the market at that time, and we’re pleased with the returns we are able to deliver our investors over the hold period,” Todd Barclay, vice president of acquisitions for Calare, said in a statement.

The building includes flexible floor plates, 20-foot ceilings, 15 loading docks and more than 200 parking spaces with additional land for future expansion.

According to its web site, Berkeley Partners invests in industrial properties on behalf of institutions and high-net worth individuals. The firm is making acquisitions for a $275 million value-add fund formed in 2016.