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    OFF-MARKET Estimated value $4,035,000
    Life science properties

    60 Codman Hl Rd, Boxboro, MA 01719-1737

    75,163 SF 9.09 ac lot Built 1986
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US38-0433765
    Property summary
    AI-generated overview

    This exceptional 72,500-square-foot flex space property presents a unique investment opportunity in Boxborough, Massachusetts. Situated on a generous 9.09-acre lot, the single-tenant building offers ample space for a variety of industrial and flex uses. The high ceilings, measuring 26 feet, provide significant vertical clearance, ideal for warehousing or manufacturing operations. The property boasts substantial power capacity with a 3,000-amp, 480-volt service, ensuring sufficient energy for demanding businesses. Ample parking is available with 319 spaces provided on-site. The property is zoned for industrial use, offering flexibility for various business types. Located at 60 Codman Hill Rd, Boxborough, MA 01719, in Middlesex County, this property benefits from convenient access to major transportation routes (specific details not provided). The entire 72,500 square feet is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific needs. This is a rare opportunity to acquire a substantial industrial property in a desirable location with significant potential for growth and return on investment. The property's size, power capacity, and parking make it suitable for a wide range of businesses seeking a modern and efficient workspace.

    Property profile
    Verified
    Property type Life science properties
    Use group R&D FACILITY, LABS, PHARMA
    Year built 1986
    Construction STEEL FRAME
    Total area 75,163 SF
    Lot 9.09 ac (395,988 SF)
    Zoning code C
    APN BOXB M:12 B:004 L:000
    UPID US38-0433765
    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
    $4.09M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.04M
    Owner & transaction history
    Concord 60 Codman LLC · 4 yrs held
    Concord 60 Codman LLC
    since 2021
    Last sale
    $4.1M
    5 recorded transactions
    2021
    $4.1M
    2020
    $3.8M
    2008
    $9.4M
    2008
    1994
    $1.5M
    Zoning & alternative use
    C · Boxboro, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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