26 Upton Dr Wilmington, MA 01887

The Boston Multi-Tenant Light Industrial Portfolio consists of four light industrial assets totaling 156,276 square feet. Located in Wilmington and Methuen, Massachusetts, the portfolio is 84% leased to seven tenants with a 3.3 year WALT. The properties feature tenants including Watson Marlow and Compass Group, offering a diverse and stable income stream with upside as rents are 30% below market. The properties have functional features including an average clear height of 17 feet and a total of 19 loading docks. Positioned north of Boston, the portfolio is located within one of Massachusetts’ most desirable submarkets. The North Submarket has accessibility, within reach of 58% of Greater Boston's population. This location, combined with its talent-rich environment, has attracted employees from industry leaders such as Raytheon, Oracle, and Analog Devices. The North Submarket experiences tenant demand and an increasingly tight development pipeline. Escalating construction and land costs have made development of new light industrial buildings unfeasible, putting further strain on the already tight supply. Given the limited remaining development sites, lack of new product within Greater Boston, and competing uses for multifamily, R&D, and industrial distribution, the imbalance of supply and demand will continue to spread.