MLS#73481502
STATUSActive
PROPERTY TYPECommercial - Industrial
Property Description
251 Turnpike Road is a 3.81 acre site improved by a highly functional 15,500 SF light industrial building located along Route 9 in Southborough, MA. The property is 100% leased to two tenants, and priced at a 7.5% cap rate, offering investors long-term, and stable cash flow. The anchor tenant, occupying 10,500 SF, is an established dealership with 13-years of term and annual CPI rent increases. The second tenant has invested a significant amount of capital into its 5,000 SF and adds a complementary automotive use to building. The property offers convenient access to I-495 and exceptional visibility with approximately 600 feet of frontage. This stretch of Route 9 has signalized intersections about one mile in both directions and sees an average of 50,500 vehicles per day. The underlying zoning allows for a variety of uses and the ability to expand the existing building 35,190 SF.
Property Features
Property Type: Commercial - Industrial
Lot Size: 3.81 Acres
Taxes: $99
Year Built: 1998
Feature Descriptions
Business Type: Industrial
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 51
Parcel Number: 1663147
Rental Term: Monthly
Listed By / Shown By
Listed By
Agency Name: Boston Realty Advisors
Agency Phone: 617-375-7900
Agent Name: Nicholas Herz
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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251 Turnpike Road | MLS# 73481502
This commercial property located at 251 Turnpike Road, Southborough, MA 01772 is currently listed for sale with an asking price of $4,800,000. Search Southborough real estate on www.masiellogrouprealestate.com today.