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Warehouse

17 Saint Mark Street

17 St Mark St, Auburn, MA 01501

Listing Price: $4,500,000

Gross SF
54,845
Price/Gross SF
$82.05
Lot Size
2.40 acres
Year Built
1969
Rentable SF
54,845

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire or lease 17 Saint Mark Street in Auburn, MA. It is a 54,845 SF freestanding industrial building sitting on 2.4 acres of land. It was constructed in 1969 and later renovated in 2000 for light industrial use. The lot is zoned for general industry and is located within the Fairfax Industrial Park which includes tenants such as Quality Beverage, New World Van Lines, and General Insulation Company. The building is one story with mezzanine and is comprised of roughly 93% warehouse space and 7% office space.

The building is currently vacant and is available for sale or lease. The most recent tenant to occupy the building was Consolidated Fabricators, a company that designed and manufactured auxiliary equipment. Consolidated Fabricators occupied the building for two years until its Canadian parent company, Innova Global Ltd., declared bankruptcy.

The property is in a great central Massachusetts location. It is 1.5 miles to I-290/395 and 2.5 miles to the Mass Pike. As a result, it is about 15 minutes to downtown Worcester, 47 minutes to Providence, and 49 minutes to Boston.

This asset is ideal for an Owner/Occupant who can use the building for light manufacturing purposes and needs great highway access and proximity to several New England cities. An investor can also earn a strong return here through improvements and lease up at market rate.

Investment Highlights

  • Available For Sale or Lease: One of very few Class B industrial buildings available
  • Strategic Location: Within industrial park - 1.5 Miles to I-290 and 2.5 miles to I-90
  • Priced Below Replacement Cost: Similar assets cost $90-100/SF to build

Exclusively Listed By

Listing Price: $4,500,000

Gross SF
54,845
Price/Gross SF
$82.05
Lot Size
2.40 acres
Year Built
1969
Rentable SF
54,845

Investment Highlights

  • Available For Sale or Lease: One of very few Class B industrial buildings available
  • Strategic Location: Within industrial park - 1.5 Miles to I-290 and 2.5 miles to I-90
  • Priced Below Replacement Cost: Similar assets cost $90-100/SF to build

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire or lease 17 Saint Mark Street in Auburn, MA. It is a 54,845 SF freestanding industrial building sitting on 2.4 acres of land. It was constructed in 1969 and later renovated in 2000 for light industrial use. The lot is zoned for general industry and is located within the Fairfax Industrial Park which includes tenants such as Quality Beverage, New World Van Lines, and General Insulation Company. The building is one story with mezzanine and is comprised of roughly 93% warehouse space and 7% office space.

The building is currently vacant and is available for sale or lease. The most recent tenant to occupy the building was Consolidated Fabricators, a company that designed and manufactured auxiliary equipment. Consolidated Fabricators occupied the building for two years until its Canadian parent company, Innova Global Ltd., declared bankruptcy.

The property is in a great central Massachusetts location. It is 1.5 miles to I-290/395 and 2.5 miles to the Mass Pike. As a result, it is about 15 minutes to downtown Worcester, 47 minutes to Providence, and 49 minutes to Boston.

This asset is ideal for an Owner/Occupant who can use the building for light manufacturing purposes and needs great highway access and proximity to several New England cities. An investor can also earn a strong return here through improvements and lease up at market rate.

Exclusively Listed By

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