Distribution Center with Cold
141 Addison St, East Boston, MA 02128
For Sale
Contact for pricing
Freestanding industrial facility with loading infrastructure, refrigerated storage, and substantial electrical capacity.
Property Size8,578 SF
Lot Size0.23 Acres
Price / SF$314.76
Days on Market103
Property Features for 141 Addison St
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Dock-High Doors
Drive-In Doors
Power
Cold Storage
Building Details
Buildings
Building Size
Listing Agency:
Burgess Properties
(781) 321-5200
Listed By:
Steve Nohrden
Source:
Moodyscre
Added: Jul 31
Changed: Nov 8
Last Checked: Nov 10 at 8:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Burgess Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding industrial building contains 8,578 square feet on a 0.23-acre lot and is currently used for food-and-beverage distribution. Existing improvements include three loading docks, an oversized drive-in door, walk-in cold storage, and 800-amp electrical service. The property is situated at 141 Addison Street in East Boston, Massachusetts, minutes from Logan International Airport.
Approvals are in place for conversion to 20 residential units, adding a documented redevelopment path alongside the existing distribution configuration. The building’s loading, access, cold-storage, and electrical features support its current industrial operation.
Approvals are in place for conversion to 20 residential units, adding a documented redevelopment path alongside the existing distribution configuration. The building’s loading, access, cold-storage, and electrical features support its current industrial operation.
Key Highlights
- 8,578 SF freestanding industrial building on a 0.23‑acre lot
- Three loading docks and an oversized drive‑in door
- Walk‑in cold storage already in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,623
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,192,460
$2.2M
Cap Rate 7%
$1,566,043
$1.6M
Cap Rate 9%
$1,218,033
$1.2M
Market Conditions
NOI Build-Up for 8,578 SF
Gross rent
$137.9K $16.08/SF
− Vacancy
−$9.0K −$1.05/SF
EGI
$129.0K $15.03/SF
− OpEx
−$19.3K −$2.26/SF
NOI
$109.6K $12.78/SF
Area
Boston, MA
Vacancy
6.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,192,460
Cap Rate 7%
$1,566,043
Cap Rate 9%
$1,218,033
Alternative Uses
Best Use
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,623 @ 7.0% cap · market cap 4.06%
Second Best
Industrial
$1.29M
$1.13M – $1.50M
NOI $90,278 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$6.42M
$5.62M – $7.49M
NOI $449,624 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 02128, MA
43,066
Population
19,124
Households
2.3
Avg Household Size
33
Median Age
38%
College-Educated
77%
High-School Grad
5.0 sq mi
ZIP Area
8,613
Density / Sq Mi
$92,079
Median Household Income
$48,549
Median Earnings
$2,009
Median Rent
$680,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Distribution center - Freestanding industrial facility with loading infrastructure, refrigerated storage, and substantial electrical capacity.
Where is this distribution center located?
The property is located at 141 Addison St East Boston, MA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 8,578 SF freestanding industrial building on a 0.23‑acre lot; Three loading docks and an oversized drive‑in door; Walk‑in cold storage already in place
