### North Shore Industrial Sale Reflects Growing Trend of Owner-User Buyers
Marcus & Millichap has completed the sale of a three-building industrial property located at 132-140 Linwood Street in Lynn, MA. The 62,018-square-foot facility was sold for $4,631,500. The transaction was brokered by Harrison Klein, Luigi Lessa, and Matias Edenkrans, who represented a local family that had owned the property for years. The buyer, an owner-occupant, was also secured by the firm.
“By identifying an owner-user for this asset, we were able to maximize value,” said Klein. “We had multiple offers from investors for this core asset; however, they simply couldn’t compete with a group driven by the desire to occupy this unique property.”
Lessa highlighted the growing trend of owner-user buyers in the North Shore market. “Over the past few months, the market has seen a surge in owner-user buyers seeking well-located facilities with access to multiple towns. This property drew strong interest, especially from those needing outdoor storage, an increasingly scarce asset in core markets,” he said.
Situated 12 miles from downtown Boston and just four miles from Route 1, the property offers prime accessibility, making it an attractive option for industrial users.
