Research facility in Massachusetts sells for $26m
A Condyne entity has sold the 160 Dascomb Road, a state-of-the-art flex building in the highly affluent community of Andover, Mass., for $26.25 million.
JLL exclusively represented the seller, a Condyne entity, procured the buyer and arranged the $17.34 million financing through Boston Private Bank.
160 Dascomb Road is a 125,609-square-foot advanced research facility that is 100 percent leased to Lockheed Martin and Accu-Tech, a wholly-owned subsidiary of Anixter International, on a long-term basis. This offering represented an opportunity to acquire a highly functional and flexible asset with durable income and strong market positioning within Boston’s world-renowned “think belt.”
160 Dascomb Road is easily accessed from Interstate 93 via Exit 42, providing a direct connection to downtown Boston and the highly skilled workforce in Southern New Hampshire. More importantly, the property is just minutes from the critical intersection of Interstate 495 and Interstate 93, providing unmatched access from all directions.
