Listed By: Robert Byrne Show Phone

Source: Cbre

Added: Sep 1 Changed: Oct 15 Last Checked: Oct 16 at 7:07AM

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Investment Insights

Based on property information with market context.

The industrial property at 8 Centennial Drive comprises 710000 square feet within Centennial Park in Peabody, Massachusetts. The site is part of a business park serving the North Shore.

Key Highlights

• 710000‑square‑foot industrial property
• Located within Centennial Park
• 8 Centennial Drive, Peabody, MA 01960

Property Analytics

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Current Use

Analogic Corporation Medical Supply Store Copley Controls Corporation Electronics & Wireless Store

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Auto Parts Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

547

Businesses Nearby

Explore this area Business Placement

Demographics for 01960, MA

54,155

Population

23,009

Households

2.4

Avg Household Size

47

Median Age

34%

College-Educated

91%

High-School Grad

16.0 sq mi

ZIP Area

3,385

Density / Sq Mi

$95,173

Median Household Income

$56,100

Median Earnings

$1,902

Median Rent

$566,700

Median Home Value

Market

Lease Benchmarks for Peabody, MA

$11.02 /SF/Yr

Avg Asking Price

$1.08–$16 /SF/Yr

Price Range

56,035 SF

Avg Space Size

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Industrial property - Located within Centennial Park in Peabody, Massachusetts.

Where is this industrial property located?

The property is located at 8 Centennial Drive Peabody, MA.

What are key features of this property?

This property features: 710000‑square‑foot industrial property; Located within Centennial Park; 8 Centennial Drive, Peabody, MA 01960