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Property profile & analytics
FOR LEASE
Showrooms

1 Technology Dr Peabody, MA 01960

182,380 SF 14.2 ac lot Built 1981
Entity Owned 2-yr Hold Free & Clear
Property ID
US38-0653655
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Stavis Seafoods Frozen Center Take-out & Catering Fish Market
  • Nippon Express Freight Service Logistics Company
  • Associated Global Systems Freight Service Logistics Company
  • CNE Direct Inc. Corporate Office
  • Associated Global Systems C/O Nippon Express USA Logistics Company Freight Service
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
Lpf 1 Technology Dr LLC · 2 yrs held
Lpf 1 Technology Dr LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $63.0M +59.7%
Apartment house (5+ units) $58.3M +47.9%
Auto repair, garage $43.7M +10.8%
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More about this property
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