617-375-7900
251 Turnpike Rd, Southborough, MA for Sale
Warehouse - FOR SALE
1/20
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251 Turnpike Rd
Southborough, MA 01772


HIGHLIGHTS

  • Long-term leases to two automotive tenants
  • Annual rent increases providing a hedge against inflation
  • 3.81 acre site with expansion potential
  • 600 feet of frontage along Route 9
  • Average traffic count of 50,500 vehicles per day

OVERVIEW

251 Turnpike Road is a 3.81-acre site improved by a highly functional 15,500 SF light industrial building located along Route 9 in Southborough, MA. The property is 100% leased to two tenants, offering investors long-term, stable cash flow. The anchor tenant, occupying 10,500 SF, is an established dealership with 14-years of term and annual CPI rent increases. The second tenant has invested a significant amount of capital into its 5,000 SF and adds a complementary automotive use to building. The property offers convenient access to I-495 and exceptional visibility with approximately 600 feet of frontage. This stretch of Route 9 has signalized intersections about one mile in both directions and sees an average of 50,500 vehicles per day. The underlying zoning allows for a variety of uses and the ability to expand the existing building 35,190 SF.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Auto Dealership, Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

6

PARKING SPACES

100

LAND DETAILS

LAND ACRES

3.91

LAND SF

170,320

ZONING

BH

APN/PARCEL ID

SBOR-000027-000000-000013

ASK ABOUT THIS PROPERTY

Nicholas HerzBoston Realty AdvisorsMore Info
617-375-7900

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Nicholas HerzBoston Realty AdvisorsMore Info
617-375-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.