3 224 Crescent Cinco DeMayo 24,045 11/2012 $5.95 multi-tenant Ave., Chelsea Mexican Food 3 yrs warehouse Corp. constr. in 1960, avg. condition 4 130 Eastern Ave., Confidential 6,047 07/2012 $12.00 multi-tenant Chelsea 3 yrs warehouse constr. in 1965 renovated in 1986, avg. condition 5 191-201 Williams Steele Canvas 23,651 11/2011 $8.50 multi-tenant St., Chelsea Basket 5 yrs manufacturing Corporation building constr. in 1970, renovated in 1986, avg. condition 6 174 Williams St., Mystic Brewery 12,841 04/2011 $6.50 multi-tenant Chelsea 5 yrs manufacturing building, constr. in 1970, avg. condition 7 175 William F. S&S Wholesale 6,345 07/2011 $5.00 multi-tenant McClellan Hwy., 5 yrs warehouse East Boston constr. in 1910, avg. condition 8 73 Norman St., Distinctive 13,046 07/2011 $6.25 multi-tenant Everett Janitorial 5 yrs gross + warehouse condo Services util. building constr. in 1940, avg. condition 9 3-7 Griffin Way, Cran Barry, 11,547 06/2011 $9.50 multi-tenant Chelsea Inc. warehouse constr. in 1986, avg. condition 10 56 Vine St., The Common Dog 12,134 07/2010 $6.00 single-occupant Everett 10 yrs warehouse constr. in 1950, renovated in 2004, avg. condition After making undisclosed adjustments to the above comparables for size, condition and location, Mr. Wolff claimed that the indicated adjusted average rent was $7.00 per square foot. He therefore opined that the market rent for the 57,101 square feet of “dry” warehouse space was
3 224 Crescent Ave., Chelsea Cinco DeMayo Mexican Food Corp. 24,045 11/2012 3 yrs $5.95 multi-tenant warehouse constr. in 1960, avg. condition 4 130 Eastern Ave., Chelsea Confidential 6,047 07/2012 3 yrs $12.00 multi-tenant warehouse constr. in 1965 renovated in 1986, avg. condition 5 191-201 Williams St., Chelsea Steele Canvas Basket Corporation 23,651 11/2011 5 yrs $8.50 multi-tenant manufacturing building constr. in 1970, renovated in 1986, avg. condition 6 174 Williams St., Chelsea Mystic Brewery 12,841 04/2011 5 yrs $6.50 multi-tenant manufacturing building, constr. in 1970, avg. condition 7 175 William F. McClellan Hwy., East Boston S&S Wholesale 6,345 07/2011 5 yrs $5.00 multi-tenant warehouse constr. in 1910, avg. condition 8 73 Norman St., Everett Distinctive Janitorial Services 13,046 07/2011 5 yrs $6.25 gross + util. multi-tenant warehouse condo building constr. in 1940, avg. condition 9 3-7 Griffin Way, Chelsea Cran Barry, Inc. 11,547 06/2011 $9.50 multi-tenant warehouse constr. in 1986, avg. condition 10 56 Vine St., Everett The Common Dog 12,134 07/2010 10 yrs $6.00 single-occupant warehouse constr. in 1950, renovated in 2004, avg. condition After making undisclosed adjustments to the above comparables for size, condition and location, Mr. Wolff claimed that the indicated adjusted average rent was $7.00 per square foot. He therefore opined that the market rent for the 57,101 square feet of “dry” warehouse space was
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