100% NET LEASED FLEX PROPERTY

Industrial for Sale
Catylist Listing ID: 30679632
Property Subtypes: Industrial-Business Park, Net Leased
Building Size (RSF): 74,031 SF
Gross Building Area: 74,033 SF
Gross Land Area: 13.12 Acres
Sale Price: See Agent
Ceiling: 15 ft. / 9 ft. Clear
Docks/Doors: 2 Docks
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/1/2021

Overview / Comments

95 Billerica Avenue is a 74,031 SF Flex property that is 100% leased to Aved Electronics (A Lithion Company) and Cristek Interconnects – two world-class contract manufacturers. The property features a newly installed interior freight lift along with a renovated, two-story atrium lobby, two tailboard loading docks, and abundant employee parking. The second floor has been built out to accommodate Aved's expansion as well as Cristek's new growth. The property offers a weighted average lease term of 6 years and a net operating income of $672,430 with 15% contractual NOI growth over the lease term.

Attachments & Media

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Middlesex
Tax ID/APN: 3-2-6
Zoning: I - INDUSTRIAL
Highway Access: Easy access to I-495
Airports: Logan International Airport
Area Description: Strategically located for ease of employee access to I-495 at Exit 37 and Route 3; also within .5 miles of the MBTA Commuter Rail Station. Immediate proximity tenants include the Potpourri Group, Aved Electronics, Cristek Interconnects, Empire Telecom, Winchester Systems, MC Assembly, and MRSI.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 37,015 SF
Property Condition: Good
Year Built: 2002
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Steel stud curtain wall system with a brick veneer
Parking Type: Surface
Parking Description: ADA parking spaces available
Total Parking Spaces: 232
Column Spacing: 2
Passenger Elevators: 3
Sprinklers: Wet
Amps: 3,000
Heat Type: Propane
Heat Source: Central
Internet Access: Cable

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,676 97,821 222,121
Median Age: 40.95 36.77 37.74
Households: 1,890 35,259 80,665

Contact

Photograph of Listing Agent

Jeremy Cyrier

Mansard NECPE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.