User/Owner Purchase Opportunity - Office/R&D Property

70 Industrial Avenue East, Lowell, MA

   SOLD!   

$9.50 to $10.50/sqft/yr

Price

6.74%

Cap Rate

$283,072

NOI

Gallery
Street
Map
Overview
Cap Rate
6.74%
NOI
$283,072
Building Size
44,472 sqft
Lot Area
2.48 acres
Occupancy
13%
Units
1
Class
B
Year Built
1980
Floors
2
Parking Spots
155
Description

The 2nd floor space is accessible both by a brand new passenger elevator and multiple stairwells. The space features large oversized windows offering plenty of natural light.

The property is strategically immediately off of the Lowell Connector and close to Interstate 495.

Fully sprinklered in office and assembly areas

Highlights
  • Located in an Opportunity Zone
  • Marijuana Cultivation Allowed by Special Permit
  • Patriot Care occupies approximately 5,800 RSF on a long term lease
  • Approximately 2.48 Acres
  • Close to Routes 495 and 3
  • Over 155 parking spaces (3.5/1,000 SF)
  • Access to highly skilled Labor Pool from Massachusetts and New Hampshire
  • Numerous retail amenities located close to the property
2 Spaces Available

70 Industrial Ave. East, 2Building

Available:
Immediately
Sublease:
No
SQFT
4,100
Lease Rate:
$10.50/sqft/yr
Lease Type:
Gross

70 Industrial Avenue EastFlex Space

Available:
Immediately
Sublease:
No
SQFT
38,672
Lease Rate:
$9.50/sqft/yr
Lease Type:
Gross
Location
Gallery