Marcus & Millichap has completed the sale of an industrial condominium at 30 Log Bridge Road in Middleton, MA, marking a trade in the North Shore industrial market. The single-unit condo changed hands for $2,525,000, reflecting investor interest in modern industrial product within this core submarket.
The condominium, identified as 30 Log Bridge Road #303, comprises 12,975 square feet of industrial space within a larger 13.51-acre site. Delivered in 2016, the unit offers a contemporary configuration suited to a mix of warehouse, showroom, and office uses, supported by on-site parking for 25 vehicles.
According to Marcus & Millichap, the property is divided into a 7,025-square-foot warehouse component, a 2,975-square-foot showroom on the first floor, and a 2,975-square-foot office area on the second floor. This layout aligns the space with both operational and customer-facing needs, providing flexibility for either owner-users or investors targeting multicomponent industrial assets.
Mattias Edenkrans, associate director investments in Marcus & Millichap’s Boston office, noted that the quality of the industrial condo generated interest from both owner-users and investors. He added that low market vacancy in the core North Shore industrial market was a key factor in the buyer’s decision to move forward with conviction, supporting a streamlined closing process and delivering certainty of execution for the seller.
Edenkrans and colleague Luigi Lessa of Marcus & Millichap were responsible for marketing the property on behalf of the seller, E Homes Realty, LLC. The team also procured the buyer, Richardson Green, aligning both sides of the transaction through a single brokerage platform. The sale underscores ongoing demand for functional, recently built industrial space in supply-constrained North Shore locations.
While specific operating strategies for the buyer were not disclosed, the transaction highlights continued investor engagement with well-located, relatively new industrial product. With a combination of warehouse, showroom, and office space in a single unit, the Middleton condominium offers multiple potential use cases within the North Shore industrial corridor.
