Overview

Description

Kelleher & Sadowsky, as the exclusive listing agent, is pleased to present for sale the property located at 60 Fremont Street, Worcester, Massachusetts ("the Property"). This industrial building is approximately 110,446 square feet across three stories and is ±65% leased to a number of tenants. The property sits on ±5.3 acres of Industrially zoned land (MG-2.0)

This investment opportunity has approximately $311,000 in Net Operating Income (NOI) and has potential for a sale leaseback with the seller. DCAMM (Massachusetts Trial Court) currently leases ±51,000 Sf and has 6+ years left to term on their lease. The building has approximately 37,000 SF of vacant industrial/office space for potential future income. The property also lends itself to possible future residential conversion with zoning relief or a variance and potential for historic tax credits.

Ideally situated in central Massachusetts, the Property offers exceptional distribution access throughout New England. It is conveniently located just minutes from all major highways, including Interstate 495, Interstate 90 (Mass Pike), Interstate 290, Route 20, and minutes from downtown Worcester.

Location

Worcester, MA offers a strategic location for industrial investors. Discover a diverse economy supported by advanced manufacturing, biotechnology, and healthcare sectors. The city's extensive transportation infrastructure, including proximity to major highways and rail lines, ensures seamless connectivity for businesses. Take advantage of the nearby points of interest, such as the Worcester Regional Airport and the Worcester Industrial Park, to tap into the area's industrial and flex space opportunities. With a strategic location and a wealth of nearby amenities, this area presents an enticing prospect for investors seeking a strong industrial foothold.

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