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Salem Industrial Building Sells For $1.2M

Dec 26, 2014 | Reprints | Print

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NSD Real Estate LLC has purchased an industrial property in Salem for $1.21 million.

The 18,600-square-foot building at 63 Jefferson Ave. was purchased vacant with the new owner’s sights set on repositioning the asset by adding a 3,500-square-foot mezzanine, a new elevator and increasing parking. The reworked property offering will include a 10,000-square-foot auto body user, flex space and office.

Nick Osgood of MANSARD represented the buyer. The seller was Hugh Realty Trust.

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