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**Colorado Investor Acquires Rhode Island Industrial Property**
Marcus & Millichap has completed the sale of a 21,570-square-foot industrial warehouse located in Bristol, Rhode Island. While the terms of the transaction were not disclosed, the firm highlighted the continued strong investor interest in the state’s industrial market.
“This sale is a testament to continued strong demand for Rhode Island industrial investments from both local and national groups,” said Harrison Klein, Managing Director of Investments at Marcus & Millichap. “A lack of supply for smaller buildings continues to push record sale prices.”
Klein, along with Michael Grant, both investment specialists in Marcus & Millichap’s Boston office, represented the seller, a private investor. The buyer, Playground Properties, is a Colorado-based firm. This deal marks the fourth Rhode Island transaction completed by The Klein Group in recent years.
The single-story warehouse, located at 66 Tupelo Street within a well-established industrial park in Bristol, was originally built in 1986 and underwent a full renovation in 2023. It is currently 100% leased to a local manufacturer under a long-term lease agreement.
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