Framingham Flex/Industrial Asset For
190 Fountain Street Framingham, MA 06515
For Sale
Contact for pricing
32,696 SF flex/industrial building in Framingham, Massachusetts.
Property Size32,696 SF
Lot Size1.07 Acres
Price / SF$137.63
Days on Market67
Property Features for 190 Fountain Street
General Information
- Standard status
- Active
- Size
- 32,696 SF
- Lot size
- 1.07 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1956
Listing Agency:
Atlantic Capital Partners
Listed By:
Joseph Tagliente · License #9587935
Source:
Crexi
Added: May 21
Changed: Jul 10
Last Checked: Jul 26 at 2:37PM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
The property at 190 Fountain Street in Framingham, Massachusetts, is a ±32,696 square foot flex/industrial asset situated on ±1.07 acres. Currently configured as a temperature-controlled food processing and manufacturing facility, the property offers a functional layout with integrated freezer, production, and warehouse components. The building features three loading docks and 16’–19’ clear heights. It also has robust power infrastructure, allowing it to accommodate a range of industrial, cold storage, and distribution users. The property is positioned just off Route 135 with access to Route 9 and Interstate 90, providing regional connectivity between Boston and Worcester. The property is divided into four units, providing flexibility for multi-tenant leasing and single-user occupancy. One unit is currently leased, with the remaining units available.
Key Highlights
- Temperature‑controlled food processing and manufacturing facility with integrated freezer, production, and warehouse components.
- Strategic location off Route 135 with convenient access to Route 9 and Interstate 90, providing strong regional connectivity between Boston and Worcester.
- Versatile industrial asset suitable for investors or owner‑users with existing infrastructure tailored to food production, cold storage, and warehouse/distribution uses.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $525.8k | $16.08 |
| − Vacancy | −$28.9k | −$0.88 |
| EGI | $496.8k | $15.20 |
| − OpEx | −$149.1k | −$4.56 |
| NOI | $347.8k | $10.64 |
32,696 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$6.03M
$5.28M – $7.04M
NOI $422,310 @ 7.0% cap · market cap 9.38%
Second Best
Industrial
$4.97M
$4.35M – $5.80M
NOI $347,785 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$19.36M
$16.94M – $22.58M
NOI $1,354,914 @ 7.0% cap · market cap 30.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ian's Natural Foods
Industrial Manufacturer
Blue Horizon Wild
Big Box & Wholesale Store
Elevation Brands
Big Box & Wholesale Store
FAQs
What type of property is this?
Flex space - 32,696 SF flex/industrial building in Framingham, Massachusetts.
Where is this flex space located?
The property is located at 190 Fountain Street Framingham, MA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Temperature‑controlled food processing and manufacturing facility with integrated freezer, production, and warehouse components.; Strategic location off Route 135 with convenient access to Route 9 and Interstate 90, providing strong regional connectivity between Boston and Worcester.; Versatile industrial asset suitable for investors or owner‑users with existing infrastructure tailored to food production, cold storage, and warehouse/distribution uses.
