100% Net Leased Flex Property For Sale
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| Date Uploaded: July 29, 2021
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Description
95 Billerica Avenue is a 74,031 SF Flex property that is 100% leased to Aved Electronics (A Lithion Company) and Cristek Interconnects -- two world-class contract manufacturers. The property features a newly installed freight lift along with a renovated, two-story atrium, lobby, brand new second story floor windows installed in 2020, two tailboard loading docks, and abundant employee parking. The second floor has been built out to accommodate Aved's expansion, leased to Aved at a below-market rental rate, as well as Cristek's new growth. The property offers a weighted average lease term of 6 years with a net operating income of $672,430 with 15% contractual NOI growth over the lease term.
Categories:
Commercial Properties for Sale
Property Types:
Industrial, Mixed-Use: Industrial / Office
States:
MASSACHUSETTS
Regions:
Middlesex County
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