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Warehouse

11 Malcolm Hoyt Dr

11 Malcolm Hoyt Dr, Newburyport, MA 01950

Listing Price: $4,950,000

Cap Rate
7.00%
Gross SF
38,500
Price/Gross SF
$128.57
Lot Size
4.70 acres
Year Built
1986
Rentable SF
38,500

Investment Overview

Marcus & Millichap, as exclusive listing agent, presents 11 Malcolm Hoyt. This 38,500-square-foot facility is fully occupied by Journeyman Press. This facility was purpose-built for Journeyman in 1986 and later expanded to accommodate their growth. Journeyman is a commercial printing, marketing, and mail house servicing various industries. The property will be delivered with a new six-and-a-half-year lease extension at $9 per square foot on a triple net basis.

Conveniently located in the Newburyport Industrial Park, the property provides immediate access to the affluent Newburyport Market. The park is home to a mix of food services, high-tech manufacturing, and local contracting businesses. Only 10 miles from the New Hampshire border, this property is ideally situated to serve both the New Hampshire Seacoast (Portsmouth MSA) and Boston’s North Shore.

Investment Highlights

  • In place rent is 30% below market, offering significant value-add opportunity.
  • All major maintenance items have been completed, leaving minimal management responsibilities.
  • Modern facility in a true industrial park setting.

Exclusively Listed By

Financing By

Warehouse

11 Malcolm Hoyt Dr

Listing Price: $4,950,000

Cap Rate
7.00%
Gross SF
38,500
Price/Gross SF
$128.57
Lot Size
4.70 acres
Year Built
1986
Rentable SF
38,500

Investment Highlights

  • In place rent is 30% below market, offering significant value-add opportunity.
  • All major maintenance items have been completed, leaving minimal management responsibilities.
  • Modern facility in a true industrial park setting.

Investment Overview

Marcus & Millichap, as exclusive listing agent, presents 11 Malcolm Hoyt. This 38,500-square-foot facility is fully occupied by Journeyman Press. This facility was purpose-built for Journeyman in 1986 and later expanded to accommodate their growth. Journeyman is a commercial printing, marketing, and mail house servicing various industries. The property will be delivered with a new six-and-a-half-year lease extension at $9 per square foot on a triple net basis. Conveniently located in the Newburyport Industrial Park, the property provides immediate access to the affluent Newburyport Market. The park is home to a mix of food services, high-tech manufacturing, and local contracting businesses. Only 10 miles from the New Hampshire border, this property is ideally situated to serve both the New Hampshire Seacoast (Portsmouth MSA) and Boston’s North Shore.

Exclusively Listed By

Financing By

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