60 Fremont St - Warehouse FOR SALE


Worcester, MA 01603- Hadwen Park
$5,500,000 USD
508-635-6784
60 Fremont St, Worcester, MA for Sale
$5,500,000 USD
Warehouse - FOR SALE
1/8
null | Request Cap Rate

60 Fremont St
Worcester, MA 01603
Hadwen Park


OVERVIEW

Kelleher & Sadowsky, as the exclusive listing agent, is pleased to present for sale the property located at 60 Fremont Street, Worcester, Massachusetts ("the Property"). This industrial building is approximately 110,446 square feet across three stories and is ±65% leased to a number of tenants. The property sits on ±5.3 acres of Industrially zoned land (MG-2.0) This investment opportunity has approximately $311,000 in Net Operating Income (NOI) and has potential for a sale leaseback with the seller. DCAMM (Massachusetts Trial Court) currently leases ±51,000 Sf and has 6+ years left to term on their lease. The building has approximately 37,000 SF of vacant industrial/office space for potential future income. The property also lends itself to possible future residential conversion with zoning relief or a variance and potential for historic tax credits. Ideally situated in central Massachusetts, the Property offers exceptional distribution access throughout New England. It is conveniently located just minutes from all major highways, including Interstate 495, Interstate 90 (Mass Pike), Interstate 290, Route 20, and minutes from downtown Worcester.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City

CLEAR CEILING HT

18 Ft

DOCKS

5

DRIVE INS

1

PARKING SPACES

209

LAND DETAILS

LAND ACRES

5.3

LAND SF

230,868

ZONING

MG-2

APN/PARCEL ID

WORC-000027-000023-000001

ASK ABOUT THIS PROPERTY

Drew HigginsKelleher & Sadowsky Associates, Inc.More Info
508-635-6784

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Drew HigginsKelleher & Sadowsky Associates, Inc.More Info
508-635-6784

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.