Greater Boston Industrial Portfolio
Danvers, Massachusetts
Building
Stats
- Property Type Industrial - Warehouse/Distribution
- Building size (SF) 279,824
- Price $37,500,000
Overview
Highlights
- Critical mass in the red-hot industrial market sector with three well-located buildings totaling 279,824 SF.
- 100% leased to a diverse roster of five tenants with a WALT of 7.4 years and staggered lease expirations.
- Below market in-place lease offer the opportunity to capture meaningful cash flow growth as the existing leases expire.
- Strategically located properties with tremendous access and reach to some of New England's densest population centers.
- Mission critical locations for the tenants due to their strategic locations and heavy tenant investment on building specific equipment and infrastructure.
- Outstanding industrial market fundamentals in Greater Boston highlighted by 1 million SF of net absorption over the past 12 months and a record low vacancy rate of 3.7%
Zoom