Technical
Financial
Distress signals
Property profile

1 Technology Dr Peabody, MA 01960

FOR LEASE
Showrooms
Property ID
US38-0653655
182,380 SF 14.2 ac lot Built 1981
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 42,710-square-foot warehouse, located at 1 Technology Drive in Peabody, Massachusetts, presents a unique opportunity for businesses seeking a strategically positioned industrial space. Built in 1982 and extensively renovated in 2017, the property boasts a single-tenant occupancy and offers immediate availability. The warehouse features a substantial 28-foot ceiling height, providing ample vertical storage capacity. Three loading docks ensure efficient loading and unloading operations, while the expansive 178 striped parking spaces accommodate both employees and visitors. Situated in Essex County, this property benefits from its prime location within a premier "last-mile" industrial campus, offering unparalleled access to major transportation arteries. Its proximity to Logan International Airport (just 15 miles north) and Downtown Boston (18 miles away) provides exceptional logistical advantages for businesses requiring seamless distribution networks. The property's modern amenities and strategic location make it an ideal choice for a variety of industrial and distribution operations. This single-tenant warehouse offers a rare opportunity to secure a well-maintained, high-quality space in a highly sought-after location. The property is ready for immediate occupancy.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1981
Total area 182,380 SF
Lot 14.2 ac (618,421 SF)
Zoning code IP
APN PEAB M:0100 B:0208
UPID US38-0653655

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Fish Market
  • Freight Service Logistics Company
  • Freight Service Logistics Company
  • Corporate Office
  • Logistics Company Freight Service

Location

1 Technology Dr Peabody, MA 01960
Peabody metro Census 210402 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$56.82M
Comparable Approach Comparable
$36.32M
Blend (final) Blend
$53.74M

Owner & transaction history

since 2023
Last sale
$53.1M
5 recorded transactions
2023
$53.1M
2019
$34.2M
2017
$21.7M
2012
Price N/A
2008
Price N/A

Zoning & alternative use

IP · Peabody, MA
Zoning description

IP Industrial Park. To provide for a large area where uses requiring the manufacture, assembly, processing or handling of materials can locate, along with related office facilities. 3.2.11 DDD Designated Development Dist…

General category INDUSTRIAL
Top alternative use upside
Restaurant $63.0M +59.7%
Apartment house (5+ units) $58.3M +47.9%
Auto repair, garage $43.7M +10.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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