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BELLINGHAM, MA-CB Richard Ellis Realty Trust is purchasing 140 Depot St., a warehouse/distribution facility fully leased to Best Buy. The 238,370-square-foot property is a recently completed class A built-to-suit in which Best Buy holds a 10-year lease. The property was purchased for $19 million from an unnamed developer, as a built-to-suit for Best Buy in an all-cash deal.

Chuck Hessel, director of Investments for CBRE says in a statement, “The features in this building make it superior to market standards and one of the most modern logistics facilities in the boston metro area.” The property at 140 Depot is expandable and has pre-cast concrete construction, cross-docking, a 36-foot clear height, ESFR sprinklers and excess trailer parking. Sitting in an easily accessible location, 140 Depot is off the Interstate 495.

The rental rates were not disclosed, but Cushman & Wakefield’s Marketbeat for Q109 show an average rental rate in the mid-$5 per square foot range for that area’s warehouse/distribution facilities.

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