Net Lease

26 Ward Hill Ave

26 Ward Hill Ave, Haverhill, MA 01835

Listing Price: $2,500,000

Cap Rate
6.80%
Gross SF
20,000
Price/Gross SF
$125.00
Lot Size
1.40 acres
Year Built
1980
Rentable SF
20,000

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant headquarters for Lumina Power, Inc (the Property or Asset) located in Haverhill, Massachusetts. Lumina Power, Inc is the largest supplier of OEM laser power supplies. This location houses its distribution and corporate offices, and is leasing the space for 10 remaining years on an absolute triple net lease. The Property is positioned just off the 495 ramp in one of the most robust industrial submarkets of Northern Massachusetts, providing outstanding residual value in the underlying real estate. Furthermore, an industrial vacancy rate of 1.1% in the submarket demonstrates the strength of the location and lack of supply for tenants seeking space in the region. A primary reason for the desirability is Haverhill's advantageous business laws attracting and retaining businesses long term within the city. This offering presents the rare opportunity to acquire a stabilized industrial headquarters asset, with a completely passive ownership structure for over 10 years and outstanding security in the value of the underlying real estate.

Investment Highlights

  • Mission critical high-tech manufacturing facility with millions of dollars invested.
  • Positioned within one of the strongest submarkets in Massachusetts.
  • The Property is optimally situated just 0.9 miles from an exit/entrance ramp to 495.

Exclusively Listed By

Listing Price: $2,500,000

Cap Rate
6.80%
Gross SF
20,000
Price/Gross SF
$125.00
Lot Size
1.40 acres
Year Built
1980
Rentable SF
20,000

Investment Highlights

  • Mission critical high-tech manufacturing facility with millions of dollars invested.
  • Positioned within one of the strongest submarkets in Massachusetts.
  • The Property is optimally situated just 0.9 miles from an exit/entrance ramp to 495.

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant headquarters for Lumina Power, Inc (the Property or Asset) located in Haverhill, Massachusetts. Lumina Power, Inc is the largest supplier of OEM laser power supplies. This location houses its distribution and corporate offices, and is leasing the space for 10 remaining years on an absolute triple net lease. The Property is positioned just off the 495 ramp in one of the most robust industrial submarkets of Northern Massachusetts, providing outstanding residual value in the underlying real estate. Furthermore, an industrial vacancy rate of 1.1% in the submarket demonstrates the strength of the location and lack of supply for tenants seeking space in the region. A primary reason for the desirability is Haverhill's advantageous business laws attracting and retaining businesses long term within the city. This offering presents the rare opportunity to acquire a stabilized industrial headquarters asset, with a completely passive ownership structure for over 10 years and outstanding security in the value of the underlying real estate.

Exclusively Listed By

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