28 Hastings St - Warehouse FOR SALE


Mendon, MA 01756
$3,300,000 USD
646-480-9288
28 Hastings St, Mendon, MA for Sale
$3,300,000 USD
Warehouse - FOR SALE
1/8
null | Request Cap Rate

28 Hastings St
Mendon, MA 01756


OVERVIEW

AIP Industrial is pleased to present for sale Building C at 28 Hastings Street in Mendon, Massachusetts. The property consists of a roughly 30,864 SF metal building featuring 14 drive up doors, and 23' clear height. The building is currently 100% leased, but all tenants are month to month. This provides optionality to a new buyer to occupy all of the space, a portion of the space, or simply convert the existing tenants to longer term lease structures and manage as an investment property. The property will also be delivered with an existing solar roof installation currently enrolled in the SMART program. The solar has consistently generated roughly $70,000/ year in ancillary income. Coupled together with the in place cash flow from the property, the property economics are strong for both investors as well as owner occupiers. Located approximately 6.1 miles from Interstate 495 and 13.3 miles from Interstate 90, the property offers regional accessibility within a suburban setting. The site is situated in the General Business (GB) zoning district, which permits uses such as storage, wholesale, and light manufacturing, with additional uses allowed by special permit. The property is located in Mendon, Massachusetts, within the Blackstone Valley region, and is supported by strong surrounding demographics, including average household incomes exceeding $136,000 within a five-mile radius.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$112 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Building C

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

Lighting, Water, Sewer, Heating - Gas

CLEAR CEILING HT

23 Ft

DOCKS

-

DRIVE INS

10

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.36

LAND SF

364,206

ZONING

GB

APN/PARCEL ID

MEND-000011-000142-000028

ASK ABOUT THIS PROPERTY

Max RatherAIP IndustrialMore Info
646-480-9288

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Max RatherAIP IndustrialMore Info
646-480-9288

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