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    Property profile & analytics
    OFF-MARKET Estimated value $10,220,000
    Warehouses

    1 Wesley St, Malden, MA 02148-6219

    101,803 SF 1.21 ac lot Built 1925
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US38-1417890
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 1 Wesley St in Malden, MA 02148, offers a prime opportunity for businesses seeking flexible warehouse or distribution space. The property boasts a total of 101,803 square feet, with 25,095 square feet currently available for lease. The building features a desirable 25-foot ceiling height, providing ample vertical storage capacity. Loading and unloading are facilitated by three convenient loading docks and one drive-in door. The expansive 1.5-acre lot offers ample parking for employees and visitors. The property is zoned for industrial use, specifically Revere: IP (Industrial Park) and Malden: I-1 (Industrial 1), ensuring compatibility with a wide range of industrial operations. Situated in Middlesex County, this location provides easy access to major transportation routes, making it an ideal distribution hub. The multiple tenancy structure allows for flexibility in lease terms and space requirements. This is a rare opportunity to secure a well-located, versatile industrial space in a thriving market. The property's size, features, and zoning make it suitable for a variety of industrial uses, from warehousing and distribution to light manufacturing and flex space. Don't miss this chance to establish your business in this strategic location.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1925
    Construction STEEL FRAME
    Total area 101,803 SF
    Lot 1.21 ac (52,912 SF)
    Zoning code I1
    APN MALD M:171 B:534 L:401
    UPID US38-1417890
    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
    • Wayside Compartments Storage Facility
    • Authority Insurance MA Insurance Agency
    • Rocky Mountain Spring Water Refill Station - Malden Wesley Big Box & Wholesale Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $10.22M
    Owner & transaction history
    Wesley Squire LLC · 12 yrs held
    Wesley Squire LLC
    since 2013
    Last sale
    $10.0M
    2 recorded transactions
    2013
    $3.4M
    2013
    $3.4M
    Zoning & alternative use
    I1 · Malden, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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