Warehouse

Millis High Visibility Industrial

Listing Price: $13,500,000

Cap Rate
4.98%
Gross SF
299,032
Price/Gross SF
$45.15
Rentable SF
299,032

Investment Overview

The subject property is comprised of one parcel containing 17.6 acres. The preexisting industrial use is comprised of 299,032 SF leased to 12 tenants. The property is situated within the center of Millis, MA opposite the primary retail property which is anchored by Roche Bros. Supermarket and a CVS Pharmacy. The rest of the downtown district is comprised of various cafes, restaurants, fitness facilities, a hardware store and all of the local municipal offices and schools. Millis has a very high average household income with considerable expendable incomes and retail demand remains high even in the small community. The town would benefit from both competitive and complimentary retail uses that would ease the burden on residents who currently travel outside of the local market for additional retail options.
Regionally speaking, the town of Millis is equidistant to several of the regions primary interstates including I-95, I-90, I-495 as well as the MBTA Commuter Rail network. The nearest MBTA station is at Norfolk station 4 miles away and travels to Bostons Back Bay and South stations in about 35 minutes.

Investment Highlights

  • 299,032 SF Industrial Building
  • 70% Occupied
  • 32 Miles from Boston, MA

Exclusively Listed By

Warehouse

Millis High Visibility Industrial

Listing Price: $13,500,000

Cap Rate
4.98%
Gross SF
299,032
Price/Gross SF
$45.15
Rentable SF
299,032

Investment Highlights

  • 299,032 SF Industrial Building
  • 70% Occupied
  • 32 Miles from Boston, MA

Investment Overview

The subject property is comprised of one parcel containing 17.6 acres. The preexisting industrial use is comprised of 299,032 SF leased to 12 tenants. The property is situated within the center of Millis, MA opposite the primary retail property which is anchored by Roche Bros. Supermarket and a CVS Pharmacy. The rest of the downtown district is comprised of various cafes, restaurants, fitness facilities, a hardware store and all of the local municipal offices and schools. Millis has a very high average household income with considerable expendable incomes and retail demand remains high even in the small community. The town would benefit from both competitive and complimentary retail uses that would ease the burden on residents who currently travel outside of the local market for additional retail options.
Regionally speaking, the town of Millis is equidistant to several of the regions primary interstates including I-95, I-90, I-495 as well as the MBTA Commuter Rail network. The nearest MBTA station is at Norfolk station 4 miles away and travels to Bostons Back Bay and South stations in about 35 minutes.

Exclusively Listed By

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