Acton, Massachusetts, September 30, 2025
News Summary
A 76,251-square-foot industrial and office property at 930 Main Street in Acton, Massachusetts, sold for $5,775,000, surpassing the asking price by $275,000. The sale, facilitated by Marcus & Millichap, involved a competitive marketing process that garnered numerous property tours and multiple offers. Despite initial offers more than 30% below the eventual closing price, the transaction highlighted the demand for well-located properties catering to smaller tenants. The local investor plans to stabilize tenancy and adjust rent levels to market rates.
Acton, Massachusetts — A 76,251-square-foot industrial and office property at 930 Main Street, Acton, Massachusetts sold for $5,775,000 after a competitive marketing process led by Marcus & Millichap. The sale closed at a price $275,000 over the asking price and followed an initial unsolicited offer that was more than 30% below the eventual closing price.
Key transaction facts
The property located at 930 Main Street, Acton, Massachusetts, is a 76,251-square-foot industrial and office asset. The asset was sold for $5,775,000. Upon initial contact, the seller had received an offer that was more than 30% below the eventual closing price. Marcus & Millichap advised the seller to bring the property to market. In the first two weeks of marketing, over a dozen property tours were conducted. The process generated multiple offers, leading to competitive bidding. The final sale price was $275,000 over the asking price.
Brokerage and representation
Luigi Lessa is the director of investments at Marcus & Millichap’s Boston office and represented the seller while procuring the buyer. Harrison Klein and Mattias Edenkrans were also involved in the transaction. Lessa highlighted a competitive and transparent process that exceeded pricing expectations.
Buyer plans and asset condition
Despite challenges such as tenancy issues and below-market rents, the exposure allowed for the selection of the most qualified buyer. The buyer is a local investor who plans to stabilize tenancy and adjust rent prices to the market level. Marcus & Millichap’s marketing approach generated rapid interest from multiple buyers and produced the competitive bidding environment that drove the sale above asking.
Property description and site details
The property is situated on an 8.03-acre parcel and includes a seven-building campus. The campus features approximately 61,700 square feet of warehouse space and 14,500 square feet of office space. The facility has 11 drive-in doors, one loading dock, and clear heights ranging from 16 to 20 feet. There are 102 parking spaces available at the site.
Location and access
The property is located 3.5 miles from Interstate 495 and four miles from Routes 2 and 111, ensuring convenient access to Greater Boston and the Metro-Northwest corridor. The site’s proximity to major routes was a noted factor in attracting buyers and supporting the buyer’s plan to stabilize and re-tenant the campus.
Market context
The sale reflects a growing interest in well-located properties serving smaller tenants. These smaller tenant-serving properties are said to continue to outperform larger “big box” warehouse spaces in the New England region. Market observers and transaction participants indicated that the asset’s configuration across multiple buildings and its suitability for smaller tenants contributed to stronger demand relative to single large-format warehouses.
Process timeline
Marketing began after advice to list the asset, with more than a dozen tours in the initial two-week period. Competitive bidding followed, and the sale concluded at a price $275,000 over the asking price. The result reversed the position from the initial unsolicited offer the seller had received, which was more than 30% below the eventual closing price.
FAQ
What property was sold?
The property located at 930 Main Street, Acton, Massachusetts, is a 76,251-square-foot industrial and office asset.
What was the sale price?
The asset was sold for $5,775,000.
How did initial offers compare to the closing price?
Upon initial contact, the seller had received an offer that was more than 30% below the eventual closing price.
Who advised the seller to market the property?
Marcus & Millichap advised the seller to bring the property to market.
What marketing activity occurred early in the process?
In the first two weeks of marketing, over a dozen property tours were conducted.
Did the sale attract multiple offers?
The process generated multiple offers, leading to competitive bidding.
How did the final sale price compare to the asking price?
The final sale price was $275,000 over the asking price.
Who represented the seller and procured the buyer?
Luigi Lessa is the director of investments at Marcus & Millichap’s Boston office and represented the seller while procuring the buyer.
Who else was involved in the transaction?
Harrison Klein and Mattias Edenkrans were also involved in the transaction.
What did the brokerage say about the process?
Lessa highlighted a competitive and transparent process that exceeded pricing expectations.
Were there asset challenges noted during the sale?
Despite challenges such as tenancy issues and below-market rents, the exposure allowed for the selection of the most qualified buyer.
Who bought the property and what are their plans?
The buyer is a local investor who plans to stabilize tenancy and adjust rent prices to the market level.
What is the site size and configuration?
The property is situated on an 8.03-acre parcel and includes a seven-building campus.
How is the space divided between warehouse and office?
The campus features approximately 61,700 square feet of warehouse space and 14,500 square feet of office space.
What are the loading and clearance features?
The facility has 11 drive-in doors, one loading dock, and clear heights ranging from 16 to 20 feet.
How much parking is available?
There are 102 parking spaces available at the site.
How close is the property to major roads?
The property is located 3.5 miles from Interstate 495 and four miles from Routes 2 and 111, ensuring convenient access to Greater Boston and the Metro-Northwest corridor.
What does the sale indicate about market trends?
The sale reflects a growing interest in well-located properties serving smaller tenants. These smaller tenant-serving properties are said to continue to outperform larger “big box” warehouse spaces in the New England region.
Property summary table
| Item | Detail |
|---|---|
| Address | 930 Main Street, Acton, Massachusetts |
| Sale price | $5,775,000 |
| Total building area | 76,251 square feet |
| Warehouse / Office | 61,700 sq ft warehouse / 14,500 sq ft office |
| Lot size | 8.03 acres |
| Number of buildings | Seven-building campus |
| Loading / doors | 11 drive-in doors, 1 loading dock |
| Clear heights | 16 to 20 feet |
| Parking | 102 spaces |
| Proximity to major routes | 3.5 miles from Interstate 495; four miles from Routes 2 and 111 |
| Buyer | Local investor (plans to stabilize tenancy and adjust rent prices to the market level) |
| Brokers | Luigi Lessa (director of investments), Harrison Klein, Mattias Edenkrans — Marcus & Millichap |
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Additional Resources
- Boston Real Estate Times
- Boston Globe
- Connect CRE
- MassLive
- Boston Magazine
- Wikipedia: Real Estate
- Google Search: Real Estate News
- Google Scholar: Real Estate Trends
- Encyclopedia Britannica: Real Estate
- Google News: Real Estate
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