Technical
Financial
Distress signals
Property profile

2 Technology Dr Peabody, MA 01960

OFF-MARKET
Manufacturing properties
Property ID
US38-1827409
60,142 SF 6.3 ac lot Built 1989
Entity Owned 16-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 60,000-square-foot flex/R&D and light manufacturing facility located in Centennial Park at the junction of Route 128, Interstate 95, and US-Route 1, approximately 17 miles from Boston and Logan International Airport. The building includes 10,000 square feet of second-floor windowed office space and 50,000 square feet of flex/industrial space on the first floor. Interior amenities include a large cafeteria and ample bathroom facilities. Exterior and loading features consist of five loading docks, with utility and clearance features of 1,600 amps of power and up to 16 feet of clear height to the base of the ceiling joists. Parking consists of 140 surface spaces, and the property supports monument and building signage. The layout and infrastructure are suited to use as a single-user corporate headquarters and related operations.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1989
Construction FRAME
Total area 60,142 SF
Lot 6.3 ac (274,428 SF)
Zoning code IP
APN PEAB M:0091 B:0010
UPID US38-1827409

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Pharmacy

Location

2 Technology Dr Peabody, MA 01960-7907
Peabody metro Census 210402 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
by Request
Blend (final) Blend
$6.10M

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

Zoning & alternative use

IP · Peabody, MA
Zoning description

IP Industrial Park. To provide for a large area where uses requiring the manufacture, assembly, processing or handling of materials can locate, along with related office facilities. 3.2.11 DDD Designated Development Dist…

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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