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550 Newtown Road, Littleton, MA

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550 Newtown Road

Littleton, MA 01460-2128 - Concord/Maynard Ind Submarket

Property Type:Flex Sub Type:Light Manufacturing Status:Existing , Renov 1992 Year Built:1947
Building Size:60,933 SF Land Area:47.6 AC (2,073,373 SF)
Ceiling Height:10'0'' Loading Docks:3 ext Rail:- Power:3,000a
For Sale Price:$3,900,000 Price/SF:$64.00
Cap Rate:-
Zoning:Res, Littleton Sprinklers:Wet Drive Ins:2 tot. Cranes:-
Parking:Free Surface spaces are available; Ratio of 2.37/1,000 SF Amenities:Air Conditioning

August 1999: G.B. Development LLC purchased the building from Circlin. Robert Rowe Realtors was the sole broker involved in the transaction.

Building underwent a renovation recently that included a new roof, electrical system and HVAC. The building has T-1 lines, parking for 154 cars and some central air-conditioning, along with some window units.

Sale Notes:
Sav-Space Storage is a 60,933 gross square foot building which currently houses a 28,449 net rentable square foot self storage facility on 43.89 acres in Littleton, MA. The concrete block building was constructed in 1960 as a manufacturing and testing plant for telegraph equipment. Presently there are 237 climate controlled units that range in size from 5x5 to 10x21. Amenities at this property include climate controlled storage, 24 hour video surveillance, dock height loading, document storage, daily postal service, insurance and a very convenient location. In addition to the existing storage there is 8,500 square feet available for new units to be built in phases 3 and 4. On the third floor is 11,000 SF of office space that can remain or be converted to more self storage. The current owners originally bought the property in 1999 and used it primarily to house their mortgage business operations. As a result of the economic downturn they closed the mortgage business, pursued other ventures, moved out of the building and only half-heartedly have managed the self storage facility as absentee owners since 2009. In addition to improved management, the bottom line for this facility
Sav-Space is located on Newtown Road which carries approximately 10,000 vehicles per day past the property as they travel north and south to Routes 2, 495 and the residential neighborhoods of Littleton, Westford, Acton and Concord. This facility is located 3 miles from the 550,000 SF IBM campus on King St. and just 3 miles from the brand new 540,000 SF mixed use retail destination called The Point which combines retail, restaurants, grocery, hotel and entertainment.Littleton is approximately 30 miles from Boston and perfectly positioned to benefit from the commercial and residential growth in western Milddlesex County.

Sperry Van Ness
Connie M Neville
(781) 696-6241

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