Image courtesy of the town of Braintree

Boston-based Oliver Street Capital added to its industrial portfolio with the $6.5 million acquisition of a fully-leased warehouse in Braintree.

The 45,000-square-foot 116 Lundquist Drive is occupied by Wallboard Supply Co. with a remaining three-year lease term. The single-story facility originally completed in 1966 and renovated in 1985 includes 28-foot clear heights and 7,200 square feet of office space set on a 4.5-acre parcel.

The JLL team representing the buyer was led by Managing Directors Christopher Lawrence with JLL’s Boston Leasing team and Managing Director Matthew Sherry and Director Michael Restivo with JLL Capital Markets. The seller was Shaughnessy Real Estate LLC, which acquired the property in 2011 for $3.1 million, according to data compiled by The Warren Group.

The Boston industrial market had a 4.7-percent vacancy rate in the first quarter, according to JLL research.