New Industrial Building For
For Sale
Contact for pricing
71 Airport Blvd, Georgetown, MA
New Class A industrial building with build-to-suit options.
Property Size5,040 SF
Lot Size18.90 Acres
Price / SF$279.56
Days on Market1022
Property Features for 71 Airport Blvd
General Information
Standard status
Active
Size
5,040 SF
Lot size
18.90 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Capital Group Properties
(508) 309-8768
Listed By:
Brendan Carroll
Source:
Moodyscre
Added: Oct 13, 2023
Changed: Jul 6
Last Checked: Jul 22 at 4:17AM
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 Capital Group Properties
Investment Insights
Based on property information with market context.
This commercial or light industrial building is located in Airport Industrial Park, an 18-acre development. The development will consist of 20 commercial or light industrial buildings ranging in size from 5,000 to 20,000 square feet. The available building offers 5,040 square feet of space and is of Class A construction. Build-to-suit options are available. The property is located in close proximity to Route 20 and offers convenient access to Route 20 and I-495.
Key Highlights
- Brand new Class A construction
- Convenient access to Route 20 & I‑495
- Build to Suite options available
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 | $81.0k | $16.08 |
| − Vacancy | −$4.5k | −$0.88 |
| EGI | $76.6k | $15.20 |
| − OpEx | −$23.0k | −$4.56 |
| NOI | $53.6k | $10.64 |
5,040 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$765.9K
$670.1K – $893.5K
NOI $53,610 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,856 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Market
Properties on Market for Industrial properties in Essex County
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - New Class A industrial building with build-to-suit options.
Where is this industrial property located?
The property is located at 71 Airport Blvd Georgetown, MA.
What is the asking price?
The asking price for this property is $1,409,000.
What are key features of this property?
This property features: Brand new Class A construction; Convenient access to Route 20 & I‑495; Build to Suite options available
