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Office Warehouse

47 Manning Road

47 Manning Rd, Billerica, MA 01821

Listing Price: $13,900,000

Cap Rate
4.47%
Gross SF
46,428
Price/Gross SF
$299.39
Lot Size
4.80 acres
Year Built
1982
Rentable SF
46,428

Investment Overview

The Klein Group, as exclusive agent to the owner, is marketing the fee simple interest in 47 Manning, a ± 46,428 SF flex building located in Billerica, MA. In 2019 the property underwent an extensive, multi million-dollar renovation. The building is currently leased to five tenants including a national catering company, a large auto glass provider and several regional firms. This location has benefited from an influx of R&D and life science uses over the past five years. Current rents are significantly below market offering a buyer an opportunity to increase rents significantly during a five-year hold period.

Investment Highlights

  • 100% Occupied Flex Building With Lease-up Potential
  • Significant Capital Improvements
  • +/- 46,428 Square Foot Flex Facility On 4.80 AC

Exclusively Listed By

Financing By

Office Warehouse

47 Manning Road

Listing Price: $13,900,000

Cap Rate
4.47%
Gross SF
46,428
Price/Gross SF
$299.39
Lot Size
4.80 acres
Year Built
1982
Rentable SF
46,428

Investment Highlights

  • 100% Occupied Flex Building With Lease-up Potential
  • Significant Capital Improvements
  • +/- 46,428 Square Foot Flex Facility On 4.80 AC

Investment Overview

The Klein Group, as exclusive agent to the owner, is marketing the fee simple interest in 47 Manning, a ± 46,428 SF flex building located in Billerica, MA. In 2019 the property underwent an extensive, multi million-dollar renovation. The building is currently leased to five tenants including a national catering company, a large auto glass provider and several regional firms. This location has benefited from an influx of R&D and life science uses over the past five years. Current rents are significantly below market offering a buyer an opportunity to increase rents significantly during a five-year hold period.

Exclusively Listed By

Financing By

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