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12 Garden StDanvers, MA 01923

For Lease
$2.40/SF/YR

5,880 SF Warehouse, 40K+ Land

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional single-tenant industrial warehouse, situated on a sprawling 40,395 square-foot lot in Danvers, Massachusetts, presents a compelling investment opportunity. The 5,880 square-foot building, constructed in 1975, features a single story with an 8-foot ceiling height (reaching approximately 10 feet inside the trusses). The property boasts two 8' x 8' drive-in doors, providing convenient access for loading and unloading. The building is of cinder block construction on a slab foundation. Ample parking is available on-site with 16 spaces. The property is zoned R114-A and is located in Essex County, at 12 Garden St, Danvers, MA 01923, offering easy access to major roadways including Routes 114, 128, 1, and 95. The property is offered as an absolute NNN ground lease with an annual base rent of $90,080.85, calculated at $2.23 per square foot of land. This translates to a monthly base rent of $7,506.74. Property taxes are $2.61 per square foot. This well-located warehouse provides a solid foundation for a variety of industrial uses.

Highlights

  • 5,880 SF single-tenant industrial warehouse on a 40,395 SF lot in Danvers, MA.
  • 1975 construction with 8' ceiling height (approx. 10' under trusses), two 8'x8' drive-in doors, and 16 parking spaces.
  • Cinder block construction on slab foundation; located at 12 Garden St, Danvers, MA 01923.
  • NNN ground lease with $90,080.85 annual base rent ($2.23/SF land, $7,506.74/month).
  • Property taxes are $2.61/SF; excellent access to Rtes 114, 128, 1, and 95; zoned R114-A.

Property Details for 12 Garden St

Property type
Other warehouses, Other industrial properties
RSF (Rentable sq. ft)
5,880 SF
Year Built
1975
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
40,395 SF
Rate per SF
$2.40

Location Insight

City
Danvers
County
Essex
State
Massachusetts
Latitude
42.55952157
Longitude
-70.96375724
12 Garden St, Danvers, Massachusetts
+−
Leaflet | © OpenStreetMap contributors

Nearby Similar for Lease

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Contacts

Brian DApice
Brian DApice
Visit Broker Website

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12 Garden St, Danvers, Massachusetts, 01923

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

12 Garden St
  • Brian DApice
    Brian DApice
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