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34004072
34004071

67 Faulkner Street, Billerica, MA 01862

Ascension Advisory
Listed by Ascension Advisory
Unpriced
1 day on market
Updated 0 days ago

Industrial | Single Tenant Sale Leaseback

Details
Property Type Industrial
Sub Type Manufacturing
Square Footage 272,558
Cap Rate 8.50%
NOI $1,226,511
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Lease Options Four 5-year renewals
Year Built 1880
Buildings 1
Acreage 11.900
Parking Spaces 50 spaces
Parking Per SqFt 0.18
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition Sale for leaseback

Long Term Absolute NNN Sale Leaseback

Marketing description

We are working with Xiphias Cambridge, a highly engineered die casting and precision machining platform serving the aerospace/defense and industrial end-markets, that was recently carved out from Pace Industries. The company operates out of the subject property, a mission-critical manufacturing facility located in North Billerica, Massachusetts.

Xiphias Cambridge will execute a new, 20+ year, absolute triple-net lease and be fully responsible for taxes, insurance, maintenance, roof, structure and all operating expenses, providing ownership with a passive, low-maintenance investment opportunity.

Investment highlights

• Specialized Cambridge Manufacturing Platform Serving Mission-Critical End Markets

• Attractive Aerospace & Defense Exposure with Long-Tenured Customer Relationships

• Vertically Integrated Capabilities Across the Full Production Lifecycle

• Well-Located Greater Boston Industrial Asset

Investment Overview

• Property Location: North Billerica, MA

• Building Square Feet: 272,558 SF

• Lot Size: 11.9 AC

• Annual Starting Rent: $1,226,558

• Lease Term: 20+ Years

• Lease Structure: Absolute Triple Net

Listing Contacts

Ascension Advisory
Listed by Ascension Advisory

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$1,226,511.00
$102,209.25/mo

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Map

Zoning

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I IndustrialIndustrial
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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