45 Beechwood Dr North Andover, MA 01845-1066

Property Details for 45 Beechwood Dr

Lot size

2.65 lot acres

Property size

4,688 SF

Zone code

I1

Property type

Commercial real estate

APN

NAND M:00034 B:00006 L:00000

APU

NANDM00034B00006L00000

Description

This exceptional 30,855-square-foot flex building at 45 Beechwood Drive in North Andover, Massachusetts, presents a compelling investment opportunity. Located in Essex County, this single-story, Class B industrial property sits on a 5.01-acre lot and boasts a 12-foot ceiling height. Built in 1997, the building is currently 100% occupied under a corporate-guaranteed lease with Tower Engineering Professionals, extending through 2027. The property features two dock-high doors and a full HVAC system, making it ideal for a variety of industrial, flex, or R&D uses. Its strategic location directly across from a 3.8 million-square-foot Amazon distribution facility offers significant advantages. The property is offered fee simple, with a list price of $5,400,000 ($175.01 per square foot). The short-term lease provides an excellent opportunity for owner-users or value-add investors seeking to capitalize on the property's prime location in an affluent Boston suburb, just 32 miles from Boston and near the New Hampshire border, providing access to a strong labor pool. The flexible layout and well-maintained condition further enhance its appeal. This is a rare chance to acquire a high-quality industrial property in a thriving market. The property is offered as a single unit with a NNN lease type.

Location Insight

City

North Andover

County

Essex

State

Massachusetts

Longitude

-71.1105

Latitude

42.7317

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments