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    Property profile & analytics
    OFF-MARKET Estimated value $10,240,000
    Industrial properties

    138 Conant St, Beverly, MA 01915-1672

    66,428 SF 3.12 ac lot Built 2008
    Entity Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US38-0902134
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    138 Conant Dev LLC · 13 yrs held
    138 Conant Dev LLC
    since 2012
    7 recorded transactions
    2020
    2013
    2012
    $1
    2012
    2008
    2005
    2004
    Zoning & alternative use
    IR · Beverly, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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