9 Industrial Rd - Office FOR SALE


Milford, MA 01757
$8,500,000 USD
508-330-1196
9 Industrial Rd, Milford, MA for Sale
$8,500,000 USD
Office - FOR SALE
1/17
null | Request Cap Rate

9 Industrial Rd
Milford, MA 01757


HIGHLIGHTS

  • Ideally Positioned off of I-495 (1-1.3 miles)
  • Long-term, Credit Worthy Tenants (Flex, Medical, Wholesale, Professional)
  • Newley Renovated with Major Capital Improvements
  • Aggressive CAP Rate

OVERVIEW

Introducing a newly renovated and improved multi-use commercial office building, perfectly situated directly off I-495 and ideally positioned within the triangle connecting Boston, Worcester, and Providence. With over $750,000 invested in capital improvements over the past six months, this property stands out as a premier, turnkey investment opportunity. Recent enhancements include a new roof, repaired, replaced, and repainted EIFS, re-sealed pavement, and upgraded common interior lighting to energy-efficient LED fixtures. The property also boasts 10 of 12 restrooms completely renovated with new epoxy floors, refinished stalls, quartz countertops, and stylish black fixtures. The grand entrance creates a remarkable first impression with all new carpeting, modern light fixtures, a grand chandelier, and an oversized welcome screen. This extensive renovation provides a fresh, professional environment for tenants and visitors alike. The property is currently 87.74% leased to creditworthy, long-term tenants, offering investors a worry-free asset with stable returns and potential for further stabilization. Flexible IB (Highway Industrial) zoning enables a wide variety of future uses, including flex, manufacturing, wholesaling, medical, warehousing, and etc. This asset offers a meticulously updated, versatile commercial multi-use building in a thriving location with excellent highway access and significant upside potential that is currently occupied with Medical, Flex, Wholesaling and Office users. Two small spaces remain.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vantage Place

PROPERTY TYPE

Office

ADD'L SUBTYPES

Manufacturing, Medical, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

402

LAND DETAILS

LAND ACRES

9.56 AC

LAND SF

416,434 SF

ZONING

IB

APN/PARCEL ID

MILF-000046-000000-000009

ASK ABOUT THIS PROPERTY

Tariq FayyadFayyad Realty AdvisorsMore Info
508-330-1196

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Tariq FayyadFayyad Realty AdvisorsMore Info
508-330-1196

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