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28321063
28321064

400 Iron Horse Park, Billerica, MA 01862

Marcus & Millichap - Boston
HK
MA 9550567, FL 3235244
Marcus & Millichap - Boston
Marcus & Millichap - Boston
Listed by Marcus & Millichap - Boston
$5,250,000
200 days on market
Updated 99 days ago

400 Iron Horse Park

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 219,164
Cap Rate 8.00%
Price per SqFt $24
Year Built 1913
Buildings 2
Stories 2
Acreage 41.700
Investment Type Owner/User
Ceiling Height 24
Loading Docks 3

219,000 SF Rail-Served Manufacturing Buildings

Marketing description

The Klein Group, as exclusive agents, is pleased to present 400 Ironhorse Park. Originally utilized for train car manufacturing, this 219,000 SF building is currently utilized by a single manufacturer. The asset includes two manufacturing buildings, each with +/- 90,000 SF on the ground level, and 20,000 -- 30,000 SF mezzanines. The facility features three loading docks and eight drive in doors, rail siding, 24’ clear heights, with approximately 10’ of additional clearance between roof trusses, and 2000-amp, 600-volt electrical service. The property sits on a 41.7-acre parcel, with roughly 13 acres of uplands. The sale will include a five acre “Asbestos Lagoon” at the rear of the buildings, what has been remediated and is in compliance with the EPA. Additional information is available upon request, lagoon should not be considered usable.

Iron Horse Park, long an important staple to the railroad industry, is witnessing a resurgence as the MBTA leverages holdings in the park. They recently built a command center for all northern commuter rail trains. This location is less than ten miles from much of Boston’s most expensive industrial product, with buildings in Woburn commanding rents more than $20 PSF NNN.

Investment highlights

  • Affordable, high-clear manufacturing space forty minutes from Boston

  • Over thirteen acres of usable land

  • Historic rail service to the site

Listing Contacts

Marcus & Millichap - Boston
HK
MA 9550567, FL 3235244
Marcus & Millichap - Boston
Marcus & Millichap - Boston
Listed by Marcus & Millichap - Boston

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Additional Information

Name
Mattias Edenkrans
License
9583516
Brokerage
Marcus & Millichap
Brokerage Phone
617-896-7218
Title
Associate Investments
Brokerage Address
100 High Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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