1703 Middlesex Street Lowell, MA 01851

This 40,359 square foot multi-tenant suburban property is available for sale and is currently 100% leased. The property features an 18' clear height, 39' column spacing, new LED lighting, a replaced roof, updated HVAC systems, and 4 loading docks. The Year 1 Net Operating Income (NOI) is $303,535, with some leases featuring annual increases as high as 8%. Located 1.47 miles from the Drum Hill Rotary at Route 3, the property is 8 miles south of the New Hampshire border and 32 miles north of Boston. The property also benefits from parking lot lease income. Situated in Lowell, Massachusetts, along the Merrimack River, the city is approximately 25 miles northwest of Boston. Lowell has an estimated population of 111,000, making it the fourth-largest city in Massachusetts and the second-largest in the Boston metropolitan area. The City of Lowell has been undergoing substantial improvements, such as 15 acres of new development, $30 million spent on continuous transportation improvements, and the $200 million construction project to build a new justice center. Lowell is also home to UMass Lowell, a Division 1 University, which has spent over $600 million in the last 10 years on infrastructure improvements. The roof was replaced in 2018.