The parcel contains a 10,000-sf industrial building and is located off Edgerton Drive in North Falmouth. The transaction is subject to certain contingencies, including financing. It is anticipated that if the transaction closes it will close prior to the end of the current fiscal year. The sale price was not disclosed and Benthos did not return calls before press time.
The deal is part of a company-wide strategy on the part of Benthos to sell what it deems its excess real estate, and consolidate all of its operations into one primary facility, which is also located on Edgerton Drive. In a statement, Benthos says that it is "retaining a sufficient amount of real estate to allow for expansion of its present facilities to satisfy future needs."
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