400 Iron Horse Park - Warehouse FOR SALE


North Billerica, MA 01862
$5,900,000 USD
617-896-7237
400 Iron Horse Park, North Billerica, MA for Sale
$5,900,000 USD
Warehouse - FOR SALE
1/11
null | Request Cap Rate

400 Iron Horse Park
North Billerica, MA 01862


HIGHLIGHTS

  • Affordable, high clear manufacturing space, 40 minutes from Boston.
  • Over thirteen acres of usable land.
  • Historic rail service to the site.

OVERVIEW

The Klein Group, as exclusive agents, is pleased to present 400 Ironhorse 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, and 2000-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” at the rear of the buildings, what has been remediated and is in compliance with the EPA. 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 in Woburn commanding rents more than $20 PSF NNN.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$27 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

400 Iron Horse Park

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

8

PARKING SPACES

-

LAND DETAILS

LAND ACRES

41.7

LAND SF

1,816,452

ZONING

5

APN/PARCEL ID

BILL-000016-000043

ASK ABOUT THIS PROPERTY

Harrison KleinMarcus & Millichap: The Klein GroupMore Info
617-896-7237

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Harrison KleinMarcus & Millichap: The Klein GroupMore Info
617-896-7237

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