40 Silva Ln Dracut, MA 01826-2894

Property Details for 40 Silva Ln

Year built

1999

Construction

STEEL FRAME

Lot size

2.60 lot acres

Property size

12,000 SF

Zone code

I1

Property type

Showrooms

APN

DRAC M:21 B:16 L:3

APU

DRACM21B16L3

Description

This 12,000-square-foot warehouse in Dracut, Massachusetts, presents a compelling investment opportunity. Currently 100% occupied by Alta Equipment Group under a seven-year lease, the property boasts a strong net operating income (NOI) of $142,850. Built in 2023, the warehouse features high ceilings ranging from 13.10 to 15.10 feet, providing ample storage and operational space. Situated on a 2.6-acre lot, the property benefits from its strategic location just three miles from Interstate 93, offering easy access to major transportation arteries, including the I-93 and I-495 interchange. The property is also conveniently located within 30 miles of Boston and enjoys proximity to several established businesses, including Old Dominion Freight Line, National Trench Safety, Defelice Company, Albanese D and S, and Advanced Auto Electric. The surrounding area demonstrates strong demographics, with a population of 564,609 within a 10-mile radius and an average household income of $138,904 within a three-mile radius. This combination of a stable, long-term lease, high NOI, and excellent location makes this warehouse an attractive investment with significant upside potential. The property is located at 40 Silva Ln, Dracut, MA 01826.