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    4 Technology Way Salem, MA 01970

    Sponsored
    For Lease
    $20 SF/Yr

    86,000 SF Flex/R&D Space Available

    Lot size:
    86,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 86,000-square-foot industrial property, located at 4 Technology Way in Salem, Massachusetts, presents a unique investment opportunity. Situated on a generous 4.75-acre lot in Essex County, the property boasts a flexible layout ideal for research and development or other industrial uses. Currently, 15,000 square feet of space is available for lease within this single-tenant building. The building features impressive ceiling heights ranging from 11 feet 6 inches to 13 feet, providing ample vertical space for various operational needs. Ample parking is available with 100 spaces, providing a ratio of 1.66 spaces per 1,000 square feet. The property is equipped with robust power capabilities, including 1800 amps at 480 volts, 3-phase, 3-wire service. Its location in Salem, MA, zip code 01970, offers convenient access to major transportation routes and a skilled workforce. This property is perfect for a company seeking a modern, well-equipped industrial space with significant expansion potential. The existing infrastructure and substantial lot size allow for future development or modifications to suit specific business requirements. This is a rare opportunity to acquire a high-quality industrial property in a desirable location. Contact us today to learn more about this exceptional offering.

    Property Features for 4 Technology Way

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    86,000 SF
    Total Rate
    143333.33

    Unit(s) available at that property

    Space
    Available Space
    Size
    15,000 SF
    Rate per SF
    $30

    HighLights

    • Available: 15,000 SF of industrial space for lease.
    • Clear Height: 11'6" to 13' ceilings.
    • Loading: Common tailboard and on‑grade loading.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commonwealth Diagnostics International, ... Laboratory USBCapital Biotechnology Company Genoskin Inc (USA) Research Institute iHisto INC Laboratory Diagnostics For All Laboratory

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9254541
    Latitude
    42.4950287

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    FAQs

    What type of property is this?
    Life science property - 86,000 SF Flex/R&D Space Available
    Where is this life science property located?
    The property is located at 4 Technology Way Salem, MA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Available: 15,000 SF of industrial space for lease.; Clear Height: 11'6" to 13' ceilings.; Loading: Common tailboard and on-grade loading.
    Request Owner's contact information
    4 Technology Way Salem, MA 01970
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4 Technology Way Salem, MA 01970
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