Listed by Newmark - Boston
Unpriced
9 CENTENNIAL DR PEABODY MA 01960-7939
Details
APN 091-009
Property Type Office, Industrial
Sub Type Traditional Office, Flex
Square Footage 74,791
Net Rentable (SqFt) 74,791
NOI $391,836
Occupancy 80%
Tenancy Multi
Pro-Forma NOI $927,213
Class B
Year Built 1986
Year Renovated 2020
Buildings 1
Stories 2
Acreage 5.130
Zoning IP (Industrial Park)
Parking Spaces 3.03 per 1,000 sq ft
Investment Type Value Add
Ground Lease No
Ceiling Height 14
Loading Docks 1
Dock High Doors 2
NEWMARK | 9 Centennial Drive, Peabody MA | 74,791 SF Flex Building
Marketing description
Newmark's Boston Capital Markets Group has been exclusively retained to sell 9 Centennial Drive, a premier multi-tenant industrial/flex asset in Peabody, Massachusetts. Comprising 74,791 square feet within the highly regarded Centennial Park business district, the offering provides exceptional diversity and durability of in-place cash flow complemented by significant mixed-use upside, anchored by a diversified roster of tenants including long-term occupant Moore.
Investment highlights
Long-Term, Established Anchor Tenancy .
Diversified, Durable Rent Roll.
Near-Term Industrial/Flex Leasing Opportunity.
Directly across from Tishman Speyer's 710,000 SF Master Planned Industrial Park.
Listing Contacts
Listed by Newmark - Boston
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$391,836.00
$32,653.00/mo
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