63 Neck Road-Ward Hill Business Park

Industrial for Sale
Sale Pending
Catylist Listing ID: 30736560
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Status: Pending
Building Size (RSF): 26,000 SF
Gross Land Area: 1.79 Acres
Sale Price: $3,300,000
Unit Price: $126.92 PSF
Ceiling: 15 ft.
Docks/Doors: 1 Dock
Office SF: 5,200 SF
Drive In Bays: 2 Bays
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: 63 Neck Road -Ward Hill Business Park.
Usable Size (USF): 26,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 8/25/2021

Overview / Comments

Attractive R&D Facility located in Haverhill's premier Ward Hill Business Park. The Building contains 20% of offices space, light assembly and warehouse space. It is very clean! and in great condition with full HVAC, (New 35 Ton Package Unit). It has two drive-in doors and a loading dock.

There are 2 Tenants which share the all the cost of operating building. Half of the Building maybe available as of 1/01/2022.

The Ward Hill Business Park has easy access to I-495, Exit 48, via the Ward Hill Connector, I-93 and I-95 are within 15 minutes away! The area has boasts 2 Hotels, Shopping, Banking and many restaurants!

Lease details are available with the signing of NDA.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $36,292 (Annual)
Tax Value Land $458,000
Tax Value Improvements $1,013,700
Assessed Value - Total($) $1,471,700 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Taxing Authority: City Of Haverhill
Tax ID/APN: 755-1-9
Zoning: BUSINESS PARK
Property Located Between: Neck Road and Saber Way
Highway Access: I-495 is only minutes away via the Ward Hill Connector,.
Site Description: Essentially a level lot, with 73 parking and attractively landscaped grounds.
Area Description: Located in the Ward Hill Business Park West over looking green fields, yet close to restaurants, shopping, and exercise facilities!
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 26,000 SF
Property Condition: Excellent
Year Built: 1990
Year Renovated: 2019
Roof Type: Folded Plate
Construction/Siding: Block, Metal Siding, Steel Frame
Exterior Description: Attractive architectural block with matching metal panels set on a corner lot with a nicely landscaped parcel.
Parking Type: Surface
Parking Description: 73 Spaces
Total Parking Spaces: 73
Eave Height: 13
Column Spacing: 30' x 60'
Sprinklers: Wet
Amps: 1,200
Volts: 480
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lighting: LED, Fluorescent
Internet Access: Cable
Interior Description: The attractive offices and clean and bright manufacturing and warehouse spaces.
Zoning Description: Industrial Park, (IP) which allow for many types businesses and offices
Lot Frontage: 650
Lot Depth: 216
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: 25' Drainage Easement under the back parking lot.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,081 103,175 212,550
Median Age: 38.69 36.28 36.66
Households: 3,642 37,827 78,262

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