Industrial•Flex Space•For Sale

160 Stedman Street

160 Stedman Street, Lowell, Massachusetts 01851

Sale Price $1,999,875
Sale Type Net Lease Investment
Zoning Light Industrial
Bldg Type Single Tenant
Status Existing
Year Built 1984
Year Renovated 2018
Stories 2
Cap Rate 10.40%
Vacancy 100%
Gross Bldg 26,400 SqFt
Land Area 1.24 Acres
Dock High Doors 2
Drive In Doors 1
Net Op Inc $208,000
Sub-Market Lowell/Chelmsford
Legal Descr Easement in place for neighbor's use of 3-4 parking spaces in exchange for cross-property drainage rights.
160 Stedman Street is a 26,400 SF split-faced block, flex building that houses Mar Cor Purifcation’s specialized water products manufacturing business. 100% net leased by Mar Cor, the two-level facility allows Mar Cor to operate their office, manufacturing, and shipping/receiving all from one convenient location. This flex property has undergone nearly $1,000,000 in tenant improvements and features a difficult to obtain waste water license from the City of Lowell. The building was originally built for use as a retail and warehouse facility by H + H Paper, and was later converted to an industrial facility in 1997. This property offers easy access to the interstate 495 and Route 3 corridors, providing speed to market and easy employee accessibility. 100% net leased by Mar Cor Purification, this flex property has undergone nearly $1,000,000 in tenant improvements, features a difficult to obtain waste water license from the City of Lowell, and offers easy access to the 495 and Route 3 corridors allowing Mar Cor ease of speed to market to field service operations and water purification functions.
  • High Traffic Location in Lowell with Unique Blend of Urban Amenities
  • 100% Leased to Mar Cor Purification Until April 30, 2021
  • Tenant has Invested Approximately $1M into the Premises
  • New Roof (2017), HVAC (2018), and Parking Lot (2018)
  • Tenant has waste water discharge permit from City of Lowell
12/6/2018 6:40:18 PM 12/12/2018 6:21:57 PM
Jeremy Cyrier, CCIM
Strategic Investment Sales Advisor
Mansard

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