MEDFORD, MA— In a botique transaction in the Greater Boston industrial real estate market, Nordlund Associates, Inc. has announced the sale of a 5,895-square-foot industrial property located at 58 Swan Street, Medford, MA.
The property was sold for $1,250,000.
Christopher Everest and Brenden McCarthy of Nordlund Associates represented the seller, 58 Swan Realty Holdings, LLC, in the transaction. The building, situated on a 0.19-acre lot, offers flexible industrial space and is strategically located near major transit routes, making it an appealing investment or owner-user opportunity in the tightly held Medford submarket.
The building at 58 Swan Street features functional warehouse and industrial space with versatile zoning, suitable for a variety of commercial uses. With limited inventory and strong regional demand, properties of this size and type remain highly sought-after in urban fringe markets like Medford, which provide convenient access to Boston, Cambridge, and surrounding areas.
The buyer, whose name was not disclosed, is expected to utilize the property for light industrial or owner-occupant purposes, reflecting a growing trend in the market of small business owners acquiring their own space amid rising lease rates.
Nordlund Associates, Inc. is a full-service commercial real estate brokerage firm specializing in the acquisition, disposition, and leasing of commercial and industrial properties.
