|Property:||480 Paramount Drive is a Class A, 40,000 SF industrial/flex property located in the Raynham Woods Commerce Center in Raynham, MA.|
|Strategy:||Acquisition of easily configurable for warehouse, manufacturing, lab and office space in an ideally situated location 36 miles from Boston, MA.|
Opportunity / Highlights
- Calare acquired the property vacant in a low basis, off-market transaction when the original buyer fell out of contract.
- High tenant demand for industrial/flex with limited supply in the Route 495 South submarket further exacerbated by the Taunton casino development site eliminating 250,000 SF of industrial/flex space in the area.
- The 495 South Market has a very low vacancy rate of approximately 7% for industrial/flex space and strong tenant demand has kept rental rates on the rise.
- The building is in excellent condition providing superior space with a flexible layout that is easily configurable for warehouse, manufacturing, lab and office.
- Equipped with 20 foot clear ceiling heights and eight loading docks, the building provides flexible space for a single tenant or multiple tenants.