This exceptional owner-user opportunity presents two industrial buildings totaling 23,400 square feet on a 1.5-acre lot in Wilmington, Massachusetts. Building 1, comprising 10,800 square feet, is currently vacant and ready for immediate occupancy. This building boasts five drive-in loading doors, floor drains, a five-ton crane, a 3,600+ square foot two-story front office, 3-phase 400-amp 480v electric service, town sewer and water, natural gas heat, and a fire sprinkler system. Building 2, encompassing 12,600 square feet, is currently leased to a franchisee with a lease expiring October 31, 2029 (4.9 years remaining). The property is strategically located just 1.3 miles from I-93 and 2.6 miles from I-95, offering convenient access to major transportation routes and is only 14 miles north of Boston. The property features 40 parking spaces, 19-foot ceilings, and is zoned IG general industrial. The asking price is $6,500,000, translating to $277.78 per square foot. The property's current occupancy is 52%, with Building 1 becoming fully vacant on July 1, 2024. Rent bumps are included in the lease agreement for Building 2. This is a multi-tenant property with one current tenant. The buildings were constructed in 1986 and 2000. This is a rare opportunity to acquire a well-located, versatile industrial property with significant upside potential.
Highlights
Two industrial buildings totaling 23,400 square feet on a 1.5-acre lot in Wilmington, MA.
Building 1 (10,800 SF) is vacant and ready for immediate occupancy; Building 2 (12,600 SF) is leased through October 31, 2029.
Excellent location: 1.3 miles from I-93, 2.6 miles from I-95, and 14 miles north of Boston.
Building 1 features five drive-in doors, floor drains, a five-ton crane, a 3,600+ SF two-story office, 400-amp 480v 3-phase power, and a sprinkler system.
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Contacts
Edward Carbone
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815 Woburn St, Wilmington, Massachusetts, 01887
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815 Woburn St
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