Press Releases
Marcus & Millichap Arranges $5M Sale of Industrial Warehouse in Boston Suburb
July 30, 2026
MEDFORD, Mass., July 30, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 93 Mystic Ave., an industrial property in Medford, Massachusetts. The asset sold for $5 million.
“This rare, core-located food processing facility drove interest from local, regional and national investment groups,” said Mattias Edenkrans, associate director investments in Marcus & Millichap’s Boston office. “With the sellers targeting a sale process free of development permitting, we identified a group that was able to provide immediate non-refundable deposits and close cash within 45 days of offer acceptance.”
Edenkrans and Luigi Lessa of Marcus & Millichap exclusively marketed the property on behalf of the seller, 93 Mystic LLC, and procured the buyer, a private family.
The 19,278-square-foot property sits on a 1.12-acre lot. Built in 1950 and 1955, it comprises two buildings, the main 14,278-square-foot building and a 5,000-square-foot auxiliary building. The property was delivered vacant and is currently designed for food processing with minimal office space. It has three loading docks, two drive-in doors and a front and rear parking lots. The asset offers future redevelopment potential because of its location in a flexible MX-2 zoning code.
93 Mystic Ave. provides direct access to Interstate-93, State Route 16 and public transportation. Medford, Massachusetts is approximately 5 miles northwest of downtown Boston.
“This rare, core-located food processing facility drove interest from local, regional and national investment groups,” said Mattias Edenkrans, associate director investments in Marcus & Millichap’s Boston office. “With the sellers targeting a sale process free of development permitting, we identified a group that was able to provide immediate non-refundable deposits and close cash within 45 days of offer acceptance.”
Edenkrans and Luigi Lessa of Marcus & Millichap exclusively marketed the property on behalf of the seller, 93 Mystic LLC, and procured the buyer, a private family.
The 19,278-square-foot property sits on a 1.12-acre lot. Built in 1950 and 1955, it comprises two buildings, the main 14,278-square-foot building and a 5,000-square-foot auxiliary building. The property was delivered vacant and is currently designed for food processing with minimal office space. It has three loading docks, two drive-in doors and a front and rear parking lots. The asset offers future redevelopment potential because of its location in a flexible MX-2 zoning code.
93 Mystic Ave. provides direct access to Interstate-93, State Route 16 and public transportation. Medford, Massachusetts is approximately 5 miles northwest of downtown Boston.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
