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400 Iron Horse Park 400 Iron Horse Park 219,164 SF 100% Leased Industrial Building North Billerica, MA 01862 $8,129,020 CAD ($37.09 CAD/SF)
INVESTMENT HIGHLIGHTS
- Affordable, high clear manufacturing space, 40 minutes from Boston.
- Historic rail service to the site.
- Over thirteen acres of usable land.
EXECUTIVE SUMMARY
The Klein Group, as exclusive agents, is pleased to present 400 Ironhorse Park. Originally utilized for train car manufacturing, this 219,000 SF building is currently utilized by a single manufacturer. The asset includes two manufacturing buildings, each with +/- 90,000 SF on the ground level, and 20,000 -- 30,000 SF mezzanines. The facility features three loading docks and eight drive in doors, rail siding, 24’ clear heights, with approximately 10’ of additional clearance between roof trusses, and 2000-amp, 600-volt electrical service. The property sits on a 41.7-acre parcel, with roughly 13 acres of uplands. The sale will include a five acre “Asbestos Lagoon” at the rear of the buildings, what has been remediated and is in compliance with the EPA. Additional information is available upon request, lagoon should not be considered usable.
Iron Horse Park, long an important staple to the railroad industry, is witnessing a resurgence as the MBTA leverages holdings in the park. They recently built a command center for all northern commuter rail trains. This location is less than ten miles from much of Boston’s most expensive industrial product, with buildings in Woburn commanding rents more than $20 PSF NNN.
Iron Horse Park, long an important staple to the railroad industry, is witnessing a resurgence as the MBTA leverages holdings in the park. They recently built a command center for all northern commuter rail trains. This location is less than ten miles from much of Boston’s most expensive industrial product, with buildings in Woburn commanding rents more than $20 PSF NNN.
PROPERTY FACTS
| Price | $8,129,020 CAD | Lot Size | 41.70 AC |
| Price Per SF | $37.09 CAD | Rentable Building Area | 219,164 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1913 |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 8 |
| Zoning | 5 | ||
| Price | $8,129,020 CAD |
| Price Per SF | $37.09 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 41.70 AC |
| Rentable Building Area | 219,164 SF |
| No. Stories | 2 |
| Year Built | 1913 |
| Clear Ceiling Height | 24’ |
| No. Drive In / Grade-Level Doors | 8 |
| Zoning | 5 |
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PROPERTY TAXES
| Parcel Number | BILL-000016-000043 | Improvements Assessment | $1,456,059 CAD |
| Land Assessment | $2,841,712 CAD | Total Assessment | $4,297,772 CAD |
PROPERTY TAXES
Parcel Number
BILL-000016-000043
Land Assessment
$2,841,712 CAD
Improvements Assessment
$1,456,059 CAD
Total Assessment
$4,297,772 CAD
CONTACTS
-
Harrison Klein -
Luigi Lessa -
Mattias Edenkrans -
Marcus & Millichap: The Klein Group
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