Property summary
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
VerifiedCap rate & NOI
Current use
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Storage Facility
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Insurance Agency
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Big Box & Wholesale Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
I1 · Malden, MAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I1 in Malden, MA.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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