Technical
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Distress signals
Property profile

138 Conant St Beverly, MA 01915

OFF-MARKET
Industrial properties
Property ID
US38-0902134
66,428 SF 3.12 ac lot Built 2008
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This Class A, 75,000 square foot medical office building at 138 Conant Street in Beverly, Massachusetts offers 8,567 square feet of immediately available space. Built in 2008, the property boasts a desirable location with high visibility and exposure to thousands of daily commuters on Route 128. The building features a total of 260 parking spaces, including 55 underground spaces, providing a 4.00 per 1,000 square foot ratio. The 2.47-acre lot provides ample space and convenient access. The building is situated less than 30 minutes from downtown Boston and Logan International Airport, offering excellent accessibility. This multi-tenant building is in the prestigious Essex County and benefits from proximity to major corporations such as Axcelis, Electric Insurance, Millipore, and Medtronic. Nearby amenities include the North Shore and Liberty Tree Malls, providing convenience for tenants and employees. The property's impressive 1,650 feet of frontage on Route 128 ensures high visibility and brand recognition. This is an exceptional opportunity to secure high-quality medical office space in a prime location. The property is classified as a Class A building and offers a blend of medical and traditional office space. The zip code is 01915.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 2008
Construction STEEL FRAME
Total area 66,428 SF
Lot 3.12 ac (136,099 SF)
Zoning code IR
APN BEVE M:0052 B:0082 L:
UPID US38-0902134

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

138 Conant St Beverly, MA 01915-1672
Beverly metro Census 217102 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
$13.17M
Blend (final) Blend
$10.24M

Owner & transaction history

since 2012
7 recorded transactions
2020
Price N/A
2013
Price N/A
2012
$1
2012
Price N/A
2008
Price N/A
2005
Price N/A
2004
Price N/A

Zoning & alternative use

IR · Beverly, MA
Zoning description

Commercial (CG), Restricted Industrial (IR), IR Overlay, General Industrial (IG), Hospital District (HD), or Beverly Harbor District (BHD) zones. Additionally, the Design Review Board will review all projects that involv…

General category INDUSTRIAL

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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