Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, announced the successful sale of a 21,570-square-foot industrial warehouse in Bristol, Rhode Island. The transaction was managed by Harrison Klein and Michael Grant from Marcus & Millichap's Boston office, who marketed the property on behalf of a private investor and secured the buyer, Playground Properties, a Colorado-based investor. The warehouse, located at 66 Tupelo St. in Bristol's industrial park, was built in 1986 and fully renovated in 2023, featuring modern upgrades such as a new roof, updated electrical systems, and a new wet sprinkler system. The facility is fully leased to a local manufacturer on a long-term basis. This sale highlights the ongoing strong demand for industrial properties in Rhode Island, driven by limited supply and high investment interest.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.