Listed by Perishable Management Services
Unpriced
81 Ingell Street
Details
APN Mblu 78/ / 206/ 0/
Property Type Industrial, Mixed Use
Sub Type Distribution, Warehouse
Square Footage 102,535
NOI $1,240,667
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 07/31/2031
Remaining Term 5
Rent Bumps Yes
Lease Options 1 - 5 Year@ FMV
Broker Co-Op True
Class B
Year Built 1981
Year Renovated 2020
Buildings 1
Stories 1
Acreage 5.600
Zoning Industrial
Parking Spaces 1 per 1,000 sq ft
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 07/15/2021
Ground Lease No
Ceiling Height 50
Loading Docks 12
Dock High Doors 11
Industrial | 102,535 SqFt
Marketing description
81 Ingell Street, Taunton, MA, this ±102,533 SF facility sits on 5.6 acres. This versatile property features:
- +/- 102,535 SF comprised of +/-95K SF Freezer and +/-7,535K SF Loading Platform
- Built 1981, Renovated in 2012, 50’ clear addition in 2020
- Approximately +/-10,000 pallet positions
- Ammonia refrigeration system
- Five separate freezer rooms w/ temps between -15F and -05F
- 8 Loading Dock Doors, 3 rail loading dock doors and 2 drive in doors
- Dry Sprinkler System
- Refrigerated loading dock and rail dock areas
- 20’ – 50’ clear heights
- 1,600AMP 3 Phase Utility - new 3,000 AMP feed & transformer are being installed.
- Inclusive of three offices, break room and private restrooms
Ideally located just 3 miles from Route 24 via Route 140, the property provides strong access to Rhode Island, New Bedford, Boston, and New York markets. With approximately 5 years of lease term remaining and average NOI of $1,240,667, this is a compelling investment with stable income and long-term operational value. Schedule a tour or virtual walkthrough of this facility.
Investment highlights
- ±5 YEARS remaining on the lease
- $1,240,667 average NOI for the remaining term
- WATERFRONT COLD STORAGE with 4 locations
- 3PL OPERATION with deamnd outpacing supply
- HACCP & FDA CERTIFIED
- Box A perimeter curbing and new air handler
- Box B & C - updated air handlers
- Engine room compressors & pressure valves
- Refrigeration upgrades including GEA Omni remote monitoring capability
- New roof Building 1 with 20-year warranty in 2016
- Cooling tower replacement
- New loading dock to accommodate 3 jumbo 80' rail cars with hydraulic rail car dock levelers and overhang roof
- Replaced entire 520' rail siding with new rail and cross ties
- New LED lighting
- Glycol based heating system in the floors
- Parking Lot
Listing Contacts
Listed by Perishable Management Services
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,240,667.00
$103,388.92/mo
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