Industrial Property for Sale in Billerica, MA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Billerica, MA 01862
  • Year built: 1913

Description

Marcus & Millichap is pleased to present 400 Iron Horse 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, and2000-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” attached rear of the buildings, what has been remediated and is in compliance with theEPA. 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 inWoburn commanding rents more than $20 PSF NNN.All property tours must be arranged with the listing agent(s). At no time shall the tenant, on-site management or staff be contacted without prior approval. Investment Highlights: • Affordable, High Clear Manufacturing Space, Forty Minutes from Boston • Over Thirteen Acres of Usable Land • Historic Rail Service to Site

Market Context

This industrial in Billerica, MA is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1913. It has been on the market for 68 days. Compare it against other industrial listings for sale in Billerica, MA — <a href="/search/sale/industrial/massachusetts/billerica">view the full market</a>.

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