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1 Technology Way 84,814 SF 74% Leased Industrial Building Salem, MA 01970 For Sale

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Investment Highlights

Strategically located with access to Routes 1, 128, and I-95 for regional distribution.
Zoned BPD, offering supportive conditions for a variety of business uses.

Situated within the Peabody/Salem submarket, less than 25 minutes from downtown Boston and Logan Airport.

Executive Summary

1 Technology Way, Salem, Massachusetts, within the Boston-Cambridge-Newton metropolitan area. It consists of 84,814 square feet of building area on a 4.07-acre parcel. Built in 1996 and renovated in 2018, the property is constructed with reinforced concrete and is situated in the Business Park District zoning area. It offers commuter access to nearby highways including Route 1 and I-95 and lies within approximately 13 miles of General Edward Lawrence Logan International Airport and 15 miles from the Port of Boston. Public rail service is accessible at Swampscott Station (Newburyport/Rockport Line).

Property Facts

Sale Type	Investment or Owner User	Year Built/Renovated	1996/2018
Property Type	Industrial Flex Light Manufacturing Industrial Distribution Industrial Warehouse	Parking Ratio	0.54/1,000 SF
Building Class	C	Clear Ceiling Height	14’5”
Lot Size	4.07 AC	No. Dock-High Doors/Loading	1
Rentable Building Area	84,814 SF	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
No. Stories	1
Zoning	BPD - Business Park

Sale Type	Investment or Owner User
Property Type	Industrial Flex Light Manufacturing Industrial Distribution Industrial Warehouse
Building Class	C
Lot Size	4.07 AC
Rentable Building Area	84,814 SF
No. Stories	1
Year Built/Renovated	1996/2018
Parking Ratio	0.54/1,000 SF
Clear Ceiling Height	14’5”
No. Dock-High Doors/Loading	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	BPD - Business Park

Space Availability

Space
Size
Space Use
Build-Out
Available

1st Floor
10,000-22,000 SF
Industrial
Spec Suite
Now

1 Technology Way, Salem, MA for sale Floor Plan- Image 1 of 1 — Floor Plan

JLL is pleased to present a unique opportunity to lease a recently constructed flex/manufacturing space. Located in Salem, MA the space is well suited to meet the needs of industrial users in a supply constrained area along RTE 128N. Under institutional quality ownership for the first time, a tenant can expect to enjoy a professional work environment with compelling lease terms for an array of different uses.