Manufacturing/ Warehouse/ Distribution property For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30720622
Property Subtypes: Free-Standing Building
Building Size (RSF): 43,500 SF
Gross Land Area: 3.33 Acres
Sale Price: $5,500,000
Unit Price: $126.44 PSF
Ceiling: 24 ft.
Property Use Type: Investment
Usable Size (USF): 43,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/12/2021

Overview / Comments

Manufacturing/ Warehouse/ Distribution property for sale. Over 40,000 square feet total, with approximately 36,000 sf production/ warehouse, and 6,000sf mezzanine warehouse and 3,600sf mezzanine office. Situated on 3.3 acres on high traffic Route 107, this facility has 480V, 1,200 Amp Phase 3 Power, 24' clear height, 36 parking spaces, a total of 9 loading docks, 6 with levelers. This building is ideally suited for a warehouse/ distribution user wanting superior visibility and access to major routes through the north shore.

This location is near MA Route 128, I-95, and is less than 30 minutes from Boston Logan International Airport. Property information was obtained through the seller and public records. Prospective buyers should perform due diligence as to measurements, material facts and suitability of the property for their intended use.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $74,915 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Taxing Authority: City of Gloucester, MA
Tax ID/APN: M:08 L:0124
Zoning: B2
Property Visibility: Excellent
Largest Nearby Street: Route 107, Highland, Ave
Feet of Frontage: 131
Traffic/Vehicle Count: 35,131
Highway Access: MA Route 128, I-95
Airports: Boston Logan International Airport
Tenancy: Single Tenant
Number of Stories: 2
Property Condition: Excellent
Year Built: 1956
Year Renovated: 2014
Roof Type: Gable
Construction/Siding: Metal Siding
Total Parking Spaces: 36
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Lot Frontage: 131
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,892 180,294 282,675
Median Age: 39.14 39.16 40.33
Households: 6,652 72,488 113,738
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