RealINSIGHT Marketplace and CBRE Capital Markets are pleased to present the sale of the South Braintree Business Park, a 419,401 square-foot, complex comprised of industrial, flex and office space in Braintree, Massachusetts (the “Property”). The multi-use business park sits on 39.5 acres and it is comprised of four buildings constructed between 1966 and 1988, and renovated in 2006. The Property is currently 58.2% occupied by five tenants. Major tenants include Iron Mountain Records (67,288 SF) who recently executed a renewal through April 2023, and Hub Pen Company (59,193 SF), with a lease expiration of April 2022. The Property is situated less than 4 miles south of Interstate 93 and approximately 15 miles south of Boston.
The offering presents an opportunity for investors to purchase a property with significant in-place cash flow with limited near-term rollover. In the next two years, only 10.2% of the occupancy is scheduled to expire providing the buyer with ample time to retain and attract tenants while rebranding the property. South Braintree Business Park is well located, less than 15 miles south of Boston’s CBD, offering tenants unparalleled access to a number of economic drivers in the region.
The property offers significant upside with the additional value-add potential through lease-up of the 175,380 SF of vacant square footage as well as a number of potential redevelopment scenarios as the property is located on 39.5 acres in an attractive and affluent suburb of Boston with average home prices of almost $500,000.
The fee-simple offering presents investors with the opportunity to acquire a well-located business park at an attractive basis that provides sustainable in-place cash flow with significant upside and optionality.
Lamar P. Fisher
Internet Auctions Exempt per Massachusetts Attorney General Office
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
1501, 1505, 1515 & 1525 Washington Street, Braintree, MA 02184
Platform fee for this transaction is 5.00% or a minimum of $25,000.