Skip to main content

Warehouse

535 John Hancock Road

535 John Hancock Rd, Taunton, MA 02780

Listing Price: $2,300,000

Cap Rate
4.52%
Gross SF
21,189
Price/Gross SF
$108.55
Lot Size
4.20 acres
Year Built
2004
Rentable SF
21,189

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 535 John Hancock Road. Situated in the Myles Standish Industrial Park, a preeminent industrial park in Massachusetts, the property is ideal for a wide range of tenants. Built in 2004, the building includes approximately 20% finished office space. The four drive-in doors are ideally suited for 3-5 tenants.

The building is currently 100% occupied by four tenants; Floor Works, G. Brouillette & Son, Custom Transportation, and Mass Drifters. Three out of the four tenants are on short-term leases with Floor Works being a tenant at will. A buyer will be able to quickly add value as several tenants are paying well below market rent. By simply re-tenanting these spaces a buyer will be able to achieve an 8% cap rate on cost.

The property is about five minutes from I-495, 45 minutes from Boston, and 35 minutes from Providence. It is in close proximity to many Class A and Class B flex/industrial buildings in the Myles Standish Industrial Park. The Park is home to over 8,000 employees and 111 existing companies. Over the past three years over a million square feet of new construction has been completed in this park.

This is an ideal opportunity to enter a high barriers to entry market with an asset that has in place cash flow. Offers will be reviewed on a rolling basis.

Investment Highlights

  • Value-Add Opportunity in Prime Taunton Location
  • Five Minutes Away from Route I-1495 Providing Easy Access to Boston and Providence
  • Exceptionally Maintained Building Constructed Less than 20 Years Ago

Exclusively Listed By

Listing Price: $2,300,000

Cap Rate
4.52%
Gross SF
21,189
Price/Gross SF
$108.55
Lot Size
4.20 acres
Year Built
2004
Rentable SF
21,189

Investment Highlights

  • Value-Add Opportunity in Prime Taunton Location
  • Five Minutes Away from Route I-1495 Providing Easy Access to Boston and Providence
  • Exceptionally Maintained Building Constructed Less than 20 Years Ago

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 535 John Hancock Road. Situated in the Myles Standish Industrial Park, a preeminent industrial park in Massachusetts, the property is ideal for a wide range of tenants. Built in 2004, the building includes approximately 20% finished office space. The four drive-in doors are ideally suited for 3-5 tenants.

The building is currently 100% occupied by four tenants; Floor Works, G. Brouillette & Son, Custom Transportation, and Mass Drifters. Three out of the four tenants are on short-term leases with Floor Works being a tenant at will. A buyer will be able to quickly add value as several tenants are paying well below market rent. By simply re-tenanting these spaces a buyer will be able to achieve an 8% cap rate on cost.

The property is about five minutes from I-495, 45 minutes from Boston, and 35 minutes from Providence. It is in close proximity to many Class A and Class B flex/industrial buildings in the Myles Standish Industrial Park. The Park is home to over 8,000 employees and 111 existing companies. Over the past three years over a million square feet of new construction has been completed in this park.

This is an ideal opportunity to enter a high barriers to entry market with an asset that has in place cash flow. Offers will be reviewed on a rolling basis.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower