Nordlund Associates is pleased to present the opportunity to acquire 144 Elm Street and 22 Oakland Street in Amesbury, Massachusetts, a two-building industrial and flex portfolio totaling approximately ±50,554 square feet.
Strategically located just 1.25 miles from both I-95 and I-495, the properties offer immediate access to the greater Merrimack Valley and Seacoast markets, including Newburyport, MA and Portsmouth, NH.
The offering presents a compelling combination of stable in-place income and value-add potential. 144 Elm Street is fully leased to tenants, including Hexcel (NYSE: HXL) and GZA, providing strong cash flow, while 22 Oakland Street offers significant upside through lease-up and repositioning opportunities.
With continued demand for small-to-mid size industrial and flex space across the North Shore and limited new development, the portfolio is well-positioned
to benefit from rising rental rates and sustained tenant demand.