Foreclosed Bldg. Sells for $1.3 Million
Diana's Bakery purchased a 97,700-square-foot industrial building in Agawam, MA, from Berkadia Commercial Mortgage for $1.25 million or $13 per square foot.
Diana's Bakery is a wholesale business and distributes to such places as Starbucks and Stop & Shop as well as others.
The previously foreclosed industrial property was built in 1970 and had renovations completed in 1999. It is not yet known if the property will be used as a distribution center.
Kevin Jennings of Jennings Real Estate Services LLC represented the buyer. Liam Reynolds and Richard Cavanaugh of NAI Plotkin represented the seller.
Please see CoStar COMPS #2275068 for more information on this transaction.