Listed by Metrowest Commercial Real Estate
$2,950,000
Westboro 18,500 s.f. Industrial Bldg. Sale / Lease
Details
APN 21-78-0
Property Type Industrial, Office
Sub Type Warehouse, Flex
Square Footage 18,700
Units 55
NOI $99,452
Occupancy 49.24%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 9.93%
Pro-Forma NOI $292,992
Price per SqFt $158
Class B
Year Renovated 2000
Buildings 1
Acreage 1.330
Zoning IB
Parking Spaces 52 spaces
Parking Per SqFt 2.78
Investment Type Owner/User
Ground Lease No
Ceiling Height 18
Loading Docks 3
Dock High Doors 3
Sale Condition For sale by owner
Industrial | 18,700 SqFt
Marketing description
Located in Westboro, MA just off the main rotary, with easy access to Rt. 495, Rt. 9 & Rt. 30, this 18,580 s.f. building is zoned IB, a very liberal zoning.
There are approx. 52 parking spaces and more can be added. The building has heavy power 122/08, 3 phase, 1,200 Amps total, 400 Amps in each unit, is 100 % sprinklered, fully airconditioned, 6" slab throughout and mostly separately metered utilities.
The middle 4,100 s.f. has 19' height and loading dock access.
25 Brigham is situated on 1.33 acres and includes 2 fenced-in yard areas. One fenced-in area was used by a dog daycare tenant who spent $300,000 designing & building a sound-deadening wall. The wall shelters Cottage St. residential homes.
Investment highlights
- DON'T LET THE EXTERIOR FOOL YOU! $1M WAS SPENT ON INTERIOR RENOVATIONS.
- Industrial warehouse bldg. with full a.c. and fenced-in yard space for an owner occupier or investor.
- 100% sprinklered
- Fully airconditioned
- 6" slab throughout
- Mostly separately metered utilities
- 2 fenced-in yard areas
- One fenced-in area was used by a dog daycare tenant who spent $300,000 designing & building a sound-deadening wall
- Seller has completed 21E completed An update will be required
- Note: There are cell towers on site - Not included in sale. One tower is abandoned and owner can recapture in a few years. Was paying $1,500/yr taxes. Potential for $4,000/m income
Listing Contacts
Listed by Metrowest Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,452.00
$8,287.67/mo
Valuation Metrics
0
DSCR
3.37%
Cap Rate
3.37%
ROI
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