62,000 SF Woburn Flex Building Sold for $5,400,000

Jeremy Cyrier, CCIM of MANSARD represented Cedar Grove Apartments, LLC  in the $5,400,000 purchase of 300 Wildwood Avenue in Woburn, Massachusetts from Wildwood Property, LLC.  The ideally located flex building was over 90% occupied at the time of sale and occupied by tenants such as the TRC Solutions and the Catherine Hinds Institute of Esthetics.

The property offers the opportunity to participate in the hot Woburn flex market, which is experiencing occupancy rates north of 96.1% in the 10,000 to 80,000 SF range, with rents currently averaging $9.59/SF in this supply constrained market.

Click here to see an infographic showing the state of the Woburn Industrial Market.