100% Net Leased Flex Property For Sale
1217 views
Video added by
MANSARD
| Date Uploaded: July 29, 2021
| Date Created:
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
Suggested Videos
Q4 2024 Orange County Multifamily Transaction Report
Dan sits down to provide a Q4 multifamily sales transactions that took place in Orange County. He shares how the markets looked in Q4, including transaction and sales stats.
0:00 Introduction
1:30 Coastal Orange County
3:07 Inland Orange County
4:51 Santa Ana
If you would like a copy of the report, please comment "Report" or reach out to:
Dan Blackwell
+1 949 423 6111
dan.blackwell@cbre.com
Lic. 01854961
// ABOUT DAN BLACKWELL + TEAM
We are a highly focused multifamily invest
$9,450,000 | For Sale 19-Unit Multifamily Property | 145 E. 18th Street, Costa Mesa
Dan shares our newest listing in Eastside Costa Mesa, a 19-unit multifamily property located a few blocks from 17th Street promenade's shops & restaurants. The value-add property has an excellent unit mix of studio, one- and two-bedroom floorplans and community features include keyless entry, community pool, well-parked and BBQ & laundry facilities. Both the interior and exterior of the property have recently undergone extensive renovations including all subpanels upgraded, security camera syste
How To Evaluate a Multifamily Property using a Five-Year Model
Dan shares a simple five-year model that we use to evaluate a potential property acquisition for our investors. The model shows the projections of the property, how the property is going to perform and what the returns are to see if it will improve the investor's position financially.
0:00 Intro
0:32 Choosing the Subject Property
1:10 Buyer Trends in the Market
1:42 Five-Year Model Walkthrough*
4:47 Explanation of the Model
5:22 Part Two of the Model
6:09 Outro
Interest rates have c