Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2018
Building Area

Property Description

JLL has been exclusively retained to offer for sale 85 Hicks Ave, a 13 590 SF flex warehouse facility, in Medford, Massachusetts. Fully leased to precision manufacturer OPT Industries, The Property benefits from unmatched access to Interstate 93 providing connection to Boston’s downtown as well as the affluent suburbs to the north. The building offers 1 loading dock and 20 parking spaces. The opportunity is presented at a time when the Boston industrial market has never been hotter. Rapidly accelerating e-commerce trends have placed a historic premium on small scale warehouse and distribution space critical to last mile distribution users who desperately need highway access and relative proximity to the Greater Boston market. Rents across the Greater Boston market have increased 4.8% year over year and there is extremely limited vacancy. Located north of Boston with elite highway access, 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

  • Excellent Optionality
  • 93 North Corridor
  • Coveted Industrial Product
  • Strong Flex Geography
Last Updated Date: 01 Oct 2021
Lenny Pierce
Lenny Pierce
Director, Capital Markets
License details
MA-9535848
Michael Restivo
Michael Restivo
Senior Director, Capital Markets
License details
MA-9560857

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Last Updated Date: 01 Oct 2021

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