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Warehouse

400 Iron Horse Park

400 Iron Horse Park, Billerica, MA 01862

Listing Price: $5,250,000

Cap Rate
8.00%
Lot Size
41.70 acres
Year Built
1913
Rentable SF
219,164

Investment Overview

Marcus & Millichap is pleased to present 400 Iron Horse 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, and2000-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” attached rear of the buildings, what has been remediated and is in compliance with theEPA. 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 inWoburn commanding rents more than $20 PSF NNN.All property tours must be arranged with the listing agent(s). At no time shall the tenant, on-site management or staff be contacted without prior approval.

Investment Highlights

  • Affordable, High Clear Manufacturing Space, Forty Minutes from Boston
  • Over Thirteen Acres of Usable Land
  • Historic Rail Service to Site

Exclusively Listed By

Warehouse

400 Iron Horse Park

Listing Price: $5,250,000

Cap Rate
8.00%
Lot Size
41.70 acres
Year Built
1913
Rentable SF
219,164

Investment Highlights

  • Affordable, High Clear Manufacturing Space, Forty Minutes from Boston
  • Over Thirteen Acres of Usable Land
  • Historic Rail Service to Site

Investment Overview

Marcus & Millichap is pleased to present 400 Iron Horse 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, and2000-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” attached rear of the buildings, what has been remediated and is in compliance with theEPA. 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 inWoburn commanding rents more than $20 PSF NNN.All property tours must be arranged with the listing agent(s). At no time shall the tenant, on-site management or staff be contacted without prior approval.

Exclusively Listed By

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