155 Market St Everett, MA 02149-5809
Property summary
This exceptional 39,584-square-foot refrigerated warehouse and distribution center is located at 155 Market Street in Everett, Massachusetts. The single-story, Class B building, constructed in 1960 and renovated in 1984, sits on a 4.236-acre lot within an established industrial district (ID) zoning. The property boasts 24 loading docks and ceiling heights ranging from 17 to 24 feet, providing ample space for efficient operations. Currently 100% occupied by nine diverse tenants, including produce, florist, grocery, and seafood distributors, this multi-tenant property offers strong, stable cash flow. Additional revenue streams are generated from a 0.75-acre outdoor storage yard and a 0.60-acre parking area. Its prime location offers easy access to major roadways, including Interstate 93, the Massachusetts Turnpike, and Route 1, as well as proximity to Logan International Airport. Uniquely, the property features approximately 300 feet of waterfront frontage on the Island End River, providing direct port access. This investment opportunity benefits from a strong market with low vacancy rates and increasing rental rates in the Everett/Chelsea submarket, further enhanced by ongoing neighborhood revitalization projects, including the nearby Encore Boston Harbor Resort & Casino and the planned Everett Docklands development. The triple-net (NNN) lease structure minimizes landlord responsibilities, making this a compelling value-add proposition for investors seeking a stable, high-performing asset in a rapidly evolving urban industrial area.
Property profile
VerifiedCap rate & NOI
Current use
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Big Box & Wholesale Store Food Market
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Garden Center
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Grocery & Convenience Store Distribution Center
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Agricultural Supply Food Market
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Agricultural Supply Food Market
Value estimations
Owner & transaction history
Zoning & alternative use
Industrial District is intended to promote industrial related uses.
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
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
ID · Everett, MAIndustrial District is intended to promote industrial related uses.
Zoning
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 ID in Everett, MA.
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