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    FOR LEASE
    Manufacturing properties

    16 Carleton Dr, Georgetown, MA 01833

    83,743 SF 6 ac lot Built 1973
    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US38-1039430
    Property summary
    AI-generated overview

    This exceptional Essex County warehouse, totaling 83,000 square feet, offers a unique opportunity for multiple tenants. The property boasts a flexible layout, with spaces divisible down to 2,500 square feet and up to a maximum contiguous space of 48,891 square feet. Currently, 62,841 square feet is available for lease. The building, renovated in 2019, features impressive ceiling heights ranging from 13 to 29 feet, providing ample vertical space for storage and operations. Five drive-in doors ensure efficient loading and unloading. Power is robust, with 1,000 amps/480v available. A significant advantage is the presence of two bridge cranes, one with a 5-ton capacity and the other with a 10-ton capacity, ideal for heavy lifting needs. A column-free section is available, maximizing usable space. The property is zoned for industrial use and sits on a substantial 14.6-acre lot, providing extensive outdoor storage area. Its convenient location just off Route 95 offers easy access to major transportation arteries. The building is suitable for various industrial uses and is divisible to 15,000 square feet, catering to a range of business needs. This is a rare opportunity to secure prime warehouse space in a highly desirable location.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1973
    Construction STEEL FRAME
    Total area 83,743 SF
    Lot 6 ac (261,360 SF)
    APN GEOR M:00015 B:00000 L:00068
    UPID US38-1039430
    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
    $4.14M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.68M
    Blend (final) Blend
    $4.52M
    Owner & transaction history
    Carleton Dr Prop Owner Ll · 2 yrs held
    Carleton Dr Prop Owner Ll
    since 2023
    Last sale
    $4.5M
    7 recorded transactions
    2024
    2023
    $4.5M
    2019
    2014
    2011
    2010
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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