Warehouse Sells for $2M

NORTH DARTMOUTH, MA-Volex Inc. sells its 54,664-sf warehouse facility to Route 6 Marine for $1.8 million. The building is situated on approximately four acres and includes 17,000 sf of office and research and development space.

By Naomi Grossman | March 24, 2004 at 01:01 AM

While the office market in the area continues to struggle to fill its space, the industrial market is experiencing relatively low availabilities. According to Spaulding & Slye Colliers' most recent statistics, the availability rate for the office market in the Route 495/North market is at 33%. The statistics indicate that the availability rate for the industrial market in this area is at nearly 14%. The average asking rent for industrial space in the area is about $6 per sf.

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3 Banks, Auto Parts Stores Lead Retail Cap Rate Declines

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