Marcus & Millichap finalized the sale of a 21,570-square-foot industrial warehouse in Bristol, RI. Terms of the sale were not disclosed.
“This sale is a testament to continued strong demand for Rhode Island industrial investments from both local and national groups,” said Harrison Klein, managing director of investments. “A lack of supply for smaller buildings continues to push record sale prices.”
Klein and Michael Grant, investment specialists in Marcus & Millichap’s Boston office, marketed the property on behalf of the seller, a private investor, and procured the buyer, Playground Properties, a Colorado-based investor. This marks the fourth Rhode Island transaction brokered by The Klein Group in recent years.
Built in 1986 and fully renovated in 2023, the single-story property is located at 66 Tupelo St. in Bristol’s established industrial park. The facility is 100% leased to a local manufacturer on a long-term lease.
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