Marlborough, MA—Capital Group Properties announced the sale of a newly constructed 5,000 SF industrial building at Airport Industrial Park, a premier new industrial development located at the former Marlborough Airport in Marlborough, Massachusetts.
The building sold to a private buyer for $1,250,000.00, marking the third building sold within the development since Capital Group acquired the property in December 2018.
“Demand for smaller sized industrial and high-quality flex space remains robust as there is a lack of quality supply in the market,” said Brendan Carroll, Associate at Capital Group Properties. “With rising industrial rents and the changing development landscape east of Route 128, we continue to see smaller non-traditional flex users inquiring and interested in owning in Marlborough as other industrial buildings in the submarket and nearby submarkets are being held for larger single-user demand.”
Airport Industrial Park is Marlborough’s newest first-class industrial development featuring new construction with vast curb appeal designed for a variety of commercial and industrial users seeking ownership opportunities. Capital Group Properties currently has two additional 5,000 SF buildings under construction in the park and eight buildings ranging from 5,000-6,000 SF currently under development. Airport Industrial Park will include twenty buildings total upon completion.
The Airport Industrial Park is conveniently located just south of Route 20 off Farm Road in close proximity to the Framingham and Sudbury town lines.
Read the original article: