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Property summary
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
VerifiedCap rate & NOI
Current use
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Take-out & Catering Fish Market
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Freight Service Logistics Company
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Freight Service Logistics Company
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Corporate Office
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Logistics Company Freight Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
IP · Peabody, MAIP 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IP in Peabody, MA.
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