Property profile

1 Wesley St Malden, MA 02148

OFF-MARKET
Warehouses
Property ID
US38-1417890
101,803 SF 1.21 ac lot Built 1925
Entity Owned 12-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Storage Facility
  • Insurance Agency
  • Big Box & Wholesale Store

Location

1 Wesley St Malden, MA 02148-6219
Malden metro Census 341901 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.22M

Owner & transaction history

since 2013
Last sale
$10.0M
2 recorded transactions
2013
$3.4M
2013
$3.4M

Zoning & alternative use

I1 · Malden, MA

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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