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    FOR LEASE
    Industrial properties

    152 Conant St, Beverly, MA 01915

    72,241 SF 4.18 ac lot Built 1988
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US38-1317095
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, located at 152 Conant Street in Beverly, Massachusetts, offers 10,669 square feet of immediately available space within a larger 75,000-square-foot complex. Built in 1988, the property boasts a highly desirable location with over 1,650 feet of frontage on Route 128, ensuring exceptional visibility and accessibility for patients and staff. The building enjoys a prime position, less than 30 minutes from both downtown Boston and Logan International Airport, providing convenient access for a wide range of clientele. The multiple tenancy structure offers a dynamic and collaborative environment. Ample parking is available, with a ratio of 4.3 spaces per 1,000 square feet. The property is situated in Essex County and benefits from proximity to major employers such as Axcelis, Abiomed, Electric Insurance, Millipore, and Osram Sylvania, as well as the convenient shopping and amenities of both the North Shore and Liberty Tree Malls. This is a rare opportunity to secure high-quality medical office space in a thriving location with excellent visibility and convenient access to major transportation routes and urban centers. The building's Class A designation reflects its superior construction, modern amenities, and overall high-quality standards. The available space presents a unique opportunity for expansion or relocation for medical practices seeking a prestigious and easily accessible location.

    Property profile
    Verified
    Property type Industrial properties
    Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
    Year built 1988
    Construction STEEL FRAME
    Total area 72,241 SF
    Lot 4.18 ac (182,081 SF)
    Zoning code IR
    APN BEVE M:0052 B:0083 L:
    UPID US38-1317095
    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
    $12.09M
    Blend (final) Blend
    $10.12M
    Owner & transaction history
    152 Conant Dev LLC · 13 yrs held
    152 Conant Dev LLC
    since 2012
    7 recorded transactions
    2020
    2013
    2012
    $1
    2012
    2008
    2005
    2003
    Zoning & alternative use
    IR · Beverly, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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