Attributes
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Asset Description
JLL has been exclusively retained to offer for sale 115 River Street, a 19,200 SF industrial warehouse facility, in Acton, Massachusetts that is currently vacant. The building has minimal interior columns and 22’ clears at the peak. Additionally, the building sits on a 6-acre parcel which could allow for significant trailer storage space as well as the potential for a redevelopment program involving the addition of dock doors and potential add-on warehouse space. The opportunity is presented at a time when the Boston industrial market has never been hotter. The e-commerce trend has accelerated in recent years, making even small-scale warehouse and distribution space critical for those last-mile distribution users who desperately need highway access and relatively close proximity to the city of Boston. Rents across the market have increased 36% over the past 5 years and there is extremely limited vacancy. Set in the Metro West and off of MA-2, this asset is positioned to capture the best of the market momentum associated with this product sector. The property is being offered as-is, free and clear of any debt and with no asking price.
Investment Highlights
- Route 2 Corridor
- Coveted Industrial Product
- Strong Warehouse Geography