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The Kane Company sells 15,000 SF Building in Newburyport Industrial Park |
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Newburyport, MA – December 3, 2009 - Anthony Triglione, Broker, with The Kane Company, Inc. has recently completed the sale of 6 Mulliken Way in Newburyport, MA.
The 15,000 sf manufacturing facility was formerly occupied by Northeast Quality Products. It sold for $ 850,000 and is now going to be utilized for storage by neighboring company, Strem Chemical.
The 20+ year old building had limited market interest because of its low clear height and high percentage (30%) of dated office space. “The buyer had previously passed on purchasing the property several years ago but due to a significant price reduction from the Seller and Strem’s immediate need for additional warehouse space, the transaction was brought to a successful close”, says Triglione.
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