Auction set for $13M pair of Boxborough commercial properties
Courtesy | Google
The entrance to the commercial properties at 60 and 70 Codman Hill Road in Boxborough is seen in this photo.
The commercial properties at 60 and 70 Codman Hill Road in Boxborough are set to be auctioned off at the end of the month.
The mortgager sale of the two properties at public auction is set to take place at noon on June 30 at 60 Codman Hill Road. The mortgager reserves the right to sell the properties together or separately, according to the auction announcement.
When the properties were last assessed in January, 60 Codman Hill Road was given a value of $7,979,600 while 70 Codman Hill Road was assessed at $5,306,300.
The property at 60 Codman Hill Road sits on approximately nine acres of land with a 100,000 square-foot office building and 316 parking spaces, according to the auction notice.
The property at 70 Codman Hill Road is currently fully leased by a single tenant, has a 13.8-acre lot, a 43,700-square-foot office building and 118 parking spaces. The tenant is British multinational company Intertek Testing Services, which serves industries like food, health care and energy.
The property is listed on public land records as being owned by Billchelm Realty, LLC of Lynnfield, which is registered with Robert F. Tambone, according to the Massachusetts Secretary of State. Tambone is the president of Beverly-based development firm Atlantic Tambone, which has properties throughout New England and Florida.
WBJ Web Partners
Most Recent
Most Recent
0 Comments