FedEx Freight Facility in Northborough, MA Sells for $16.7 Million

Laurie Ann Drinkwater

NORTHBOROUGH, MA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 31,551-square-foot FedEx freight facility in Northborough, Mass. The $16.7 million sales price equates to $531 per square foot.

            Laurie Ann “L.A.” Drinkwater, CCIM, in Marcus & Millichap’s Boston office, and Seth Richard, in the firm’s Manhattan office, represented the buyer, a regional private investor.

            “The property is located 40 minutes from downtown Boston and four miles from interstates 90, 290 and 495,” says Drinkwater. “This location is ideal for FedEx operations and bodes well for long-term tenancy.”

           “FedEx made a major capital investment in the property, ultimately combining two other facilities into this one due to the strategic location,” adds Richard. “The improvements, coupled with attractive increases in the rental stream, contributed to making this an excellent investment for our client.”

The facility was built in 2013 on 24 acres at 300 Bartlett St. in Northborough, Mass. 

 For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager

(925) 953-1716