41,000 SF Multi-Tenant Office Building Sold for $5,500,000

Bedford North Road, LLC recently sold 41-55 North Road in Bedford, Massachusetts for $5,500,000 to Oxford Entities, LLC.  Bedford North Road, LLC, managed by Atlas Commercial Real Estate, received 5 offers for the property after completing a 36 month re-positioning program in which they obtained several medical office tenants such as Emerson Hospital, Chestnut Dental and Bedford Periodontics.  The competitive buyer pool found the medical tenant base and 41M+ capital program undertaken by North Road, LLC compelling.

41-55 North Road is a 39,000 SF multi-tenant medical office and professional building located near the Route 3 and 128 interchange.  The property is home to several dental, general physician, psychology and legal practices serving the greater Bedford, Billerica, Concord, Burlington and Lexington markets.

The property sale was represented by MANSARD.

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