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Malden Medical Building Sold for $2.8M

Apr 25, 2019 | Reprints | Unlock Link

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Image courtesy of Google Maps.

A single-story Malden medical office building has sold for $2.8 million.

The building at 405 Pearl St., the former headquarters of North Suburban Orthopedics Inc., has 11,790 square feet of space on a 1.04-acre lot. The building was fully leased at the time of sale, including an orthopedic surgery office which occupies 3,800 square feet in the building. The building is assessed at $1.49 million, according to city property records.

Steve Nohrden of Burgess Properties Inc. was the sole broker in this transaction. The buyer was MIC Pearl Property LLC; the seller was a subsidiary of Chestnut Hill-based S.R. Weiner & Associates Inc.

B&T Daily