Forest Ridge Rowley, MA

Industrial for Sale
Sale Pending
Catylist Listing ID: 30840178
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Light Industrial, Office Showroom, Warehouse/Distribution
Status: Pending
Building Size (RSF): 15,000 SF
Gross Land Area: 222,591 SF
Sale Price: $2,975,000
Unit Price: $198.33 PSF
Ceiling: 22 ft. Clear
Office SF: 7,500 SF
Drive In Bays: 3 Bays
Property Use Type: Investment, Vacant/Owner-User
Building Name: Keystone
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/22/2023

Overview / Comments

Strategically located Office/Warehouse Facility just off US Route 1 with easy access I-95 via Route 133..
Attractive 15,000 SF facility with 7,500 SF of office/R&D and 7,500 SF of open warehouse with 3 Drive-in doors.
The Office-R&D Space features 6 private offices, large conference room, Kitchen and open area.
The work are features a 20' ceiling, Full HVAC and 25'sf x 40' Bay Spacing .
All in excellent condition!


Finance Data Year 2023
Real Estate Taxes - Annual($) $11,138 (Annual)
Assessed Value - Total($) $855,500 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Taxing Authority: Rowley. MA
Tax ID/APN: 7/10/5B
Market Type: Medium
Property Located Between: Route 133 and Route 1
Side of Street: West
Road Type: Highway
Transportation: Highway
Highway Access: The facility is located on Forest Ridge Drive just off US Rte 1 with convenient access to I95
Site Description: The site is located on a wooded lot with a rolling topography.
Area Description: Attractive business park located in Rowley, MA. The are several restaurants in the area as many businesses located along Route.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 11,250 SF
Property Condition: Excellent
Year Built: 2005
Roof Type: Gable
Construction/Siding: Metal Siding, Steel Frame
Exterior Description: The building is a steel frame/steel exterior with some fieldstone and attractive covered walkway over the main entrance way.
Parking Type: Surface
Total Parking Spaces: 35
Eave Height: 20
Column Spacing: 25 x 40
Sprinklers: Wet
Amps: 800
Volts: 208
X-Phase: 3
Heat Type: Natural Gas, Space Heaters
Heat Source: Central
Air Conditioning: Package Unit
Lighting: Fluorescent
Internet Access: Cable
Zoning Description: Industrial Zoned
Water Service: Municipal
Sewer Type: Septic
Easements: Ingress/Egress, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,024 14,703 42,020
Median Age: 41.51 43.81 43.53
Households: 1,107 5,474 15,416


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