Investment Summary
Property: A 103,200 SF industrial/flex building on approximately 17 acres of land located in Canton, MA
Pricing:
- Acquisition Price – $5,800,000
- Total Project Cost – $13,450,000
Strategy: Acquire a in high demand, well-maintained industrial asset in exceptional location in need of redevelopment
Opportunity / Highlights
- Prime location off of Route 128 on the Canton/Westwood line next to University Station, a 2-million SF mixed-use development
- Capital improvement program updated the building which includes new roofs, new parking areas, LED lighting, new landscaping and an updated façade
- Significant tenant interest from both full and partial building users due to location, product quality and lack of alternative options
- Value-add opportunity to drive capital appreciation and on-going cash flow through capital improvements and lease up
- Over the last decade, this market has seen significant decreased supply in industrial buildings, demand is high and expected to continue to grow