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Industrial Property Sells For $1.275 Million

Nov 11, 2011 | Reprints | Unlock Link | Print

A Walpole real estate investment company has sold a 30,000-square-foot industrial property in Sharon for $1.275 million.

Cabco Inc. sold the warehouse property at 5 Merchant St. to 5 Merchant St., LLC, a Massachusetts-registered firm operated by Ibrahim Taha Algur of Newton, according to state records.

The facility, built in 1973, has 30 parking spaces and is a single story masonry and steel frame industrial building with an attached 3,000-square-foot heated, two-bay service garage on 2.3 acres. It can be subdivided into 12,000 square feet and 18,000 square feet.

New Dover Associates represented the seller, Cabco, and Quinn Associates represented the buyer in the transaction.

Commercial & Industrial