Property Description

is pleased to offer 184 Orne St - A Value-add multi-tenant industrial investment on the I-95 corridor between Boston and Providence. This 10,780 SF building is fully leased to three tenants ?? Encore Technical Trading and Elite Boxing & Fitness anchor the property, plus a contractor bay ?? under NNN leases where tenants reimburse taxes and CAM. Built in 1900, zoned IC-30 (Special Industrial & Commercial), supporting light manufacturing, contractor/trade, warehouse/distribution, R&D, fitness, and other flexible uses. All three leases roll within a typical hold period, offering clear mark-to-market upside: in-place NOI of $53,269 (6.27% cap at $850,000 asking) grows the pro forma NOI of $81,998 as below-market rents ($4.59??$10.66/SF) reach achievable market rents ($7.50??$11.63/SF). Less than a mile from Route 1 and roughly two miles from I-95, with easy access to I-295 and Route 152/120. North Attleboro is one of southern Massachusetts' strongest industrial-flex submarkets ?? deep tenant base, high retention, limited new supply ?? and sits equidistant between Providence (~15 mi) and Boston (~35 mi). A rare chance to acquire cash-flowing industrial real estate with a near-term path to increased income and value. Contact listing agent for financials, rent roll, and full offering memorandum.

Property Features