1 Emerson StMendon, MA 01756

For Sale
Call for price

Highly Leased Industrial Park, Excellent NOI

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional investment opportunity comprises a six-building industrial park totaling 78,536 square feet, strategically located in Mendon, Massachusetts. The property boasts a strong 88% occupancy rate, generating a substantial net operating income (NOI) of $545,173. The park features a diverse range of warehouse spaces, including buildings ranging from 4,971 square feet to 29,543 square feet, offering flexibility for various business needs. The buildings benefit from high ceilings, ranging from 13 feet 2 inches to 26 feet, and ample dock-high doors (26 in total), facilitating efficient loading and unloading. The property sits on two parcels totaling approximately 10.28 acres (1.38 acres at 1 Emerson St and 8.9 acres at 28 Hastings St), providing ample space for expansion or future development. Built between 1945 and 2005, the buildings are situated in a prime location, just 6.1 miles from I-495 and 13.3 miles from I-90, offering convenient access to major transportation arteries. The property is zoned GB and presents a compelling opportunity for both investors seeking strong returns and owner-users looking for a well-located, functional industrial space. The combination of high occupancy, substantial NOI, and strategic location makes this a truly remarkable offering in the competitive Massachusetts industrial market.

Highlights

  • 88% Leased.
  • $545,173 Net Operating Income (NOI).
  • 1.38-acre parcel at 1 Emerson St; 8.9-acre parcel at 28 Hastings St.
  • 78,536 square feet total building area.
  • Six buildings ranging from 4,971 SF to 29,543 SF.
  • 6.1 miles from I-495.

Property Details for 1 Emerson St

Property type
Other warehouses, Other industrial properties
Square Feet
78,536 SF
Year Built
1945
Lot Size (sq. ft)
60,113 SF

Location Insight

City
Mendon
County
Worcester
State
Massachusetts
Latitude
42.1041541
Longitude
-71.5574068
1 Emerson St, Mendon, Massachusetts
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1 Emerson St
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