Acquire Real Estate recently sold out its crowdfunding investment at 57 Littlefield Street, a $16.5 million industrial property located in Avon, Massachusetts. Located approximately 20 miles south of Boston along the Route 24 corridor, the project attracted between a dozen investors who contributed between $3,000 and $100,000 each. The company pre-funded the investment, a 407,466 square foot industrial property, now occupied by five tenants and providing around $1.2 million in net operating income.
“57 Littlefield offers a unique combination of credit tenancy and stability through near-term cash flow,” said Josh Klimkiewicz, President of Acquire Real Estate. “Historically these type of institutional-quality investment opportunities have been unavailable to smaller investors, but through the Acquire platform, accredited investors can now access these types of deals.”
