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Bldg A 142 Canal St 1,461 SF of Retail Space Available in Salem, MA 01970
Highlights
- University Square is seen by more the 20K vehicles per day.
- Close Proximity to many National and Regional brands
- Close proximity to Salem State University
- Minuets from Downtown Salem and Salem Water Front
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste B | 1,461 SF | 13’11” | 5-15 Years | $23.00 /SF/YR $1.92 /SF/MO $33,603 /YR $2,800 /MO | Triple Net (NNN) |
1st Floor, Ste B
Located within the high-traffic University Square development, 142 Canal St, Unit B offers a versatile 1,461 SF multi-use space perfectly suited for light manufacturing, fitness studios, maker spaces, or the performing arts. The layout features a spacious 1,120 SF column free workspace (28' x 40') with impressive 13'11" clear heights and a clear-span design for maximum flexibility. Operational efficiency is built-in with a 14' x 12' overhead door, dual front and rear access, and an abundance of on-site parking. Fully modernized in 2022, the unit is equipped with high-efficiency LED lighting, a full sprinkler system, and a dedicated electric HVAC system, complemented by well-maintained shared common area restrooms.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- High Ceilings
- Exposed Ceiling
- After Hours HVAC Available
- Finished Ceilings: 13’11”
- 28' x 40' Clear Span - Open Floor Space
- 13'-11" Clear Height
- 14' x 12' Overhead Drive in Door
- Recently installed - HVAC System - Heat / AC
- Separate office space Approx. 300 sf
- LED Lighting
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Bldg A
- Tenant
- Description
- US Locations
- Reach
- Dochas House of Yoga
- Health Care and Social Assistance
- 1
- -
- Family Dollar
- Dollar/Variety/Thrift
- 9,679
- National
- O'Reilly Auto Parts
- Automotive
- 7,499
- International
- Paradise Dental
- Other Office
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Dochas House of Yoga | Health Care and Social Assistance | 1 | - |
| Family Dollar | Dollar/Variety/Thrift | 9,679 | National |
| O'Reilly Auto Parts | Automotive | 7,499 | International |
| Paradise Dental | Other Office | 1 | Local |
Property Facts
| Total Space Available | 1,461 SF | Total Land Area | 1.76 AC |
| Property Type | Retail | Year Built | 2012 |
| Property Subtype | Health Club | Parking Ratio | 10/1,000 SF |
| Gross Leasable Area | 25,184 SF |
| Total Space Available | 1,461 SF |
| Property Type | Retail |
| Property Subtype | Health Club |
| Gross Leasable Area | 25,184 SF |
| Total Land Area | 1.76 AC |
| Year Built | 2012 |
| Parking Ratio | 10/1,000 SF |
About the Property
Located within the high-traffic University Square development, 142 Canal St, Unit B offers a versatile 1,461 SF multi-use space perfectly suited for light manufacturing, fitness studios, maker spaces, or the performing arts. The layout features a spacious 1,120 SF column free workspace (28' x 40') with impressive 13'11" clear heights and a clear-span design for maximum flexibility. Operational efficiency is built-in with a 12' x 12' overhead door, dual front and rear access, and an abundance of on-site parking. Fully modernized in 2022, the unit is equipped with high-efficiency LED lighting, a full sprinkler system, and a dedicated electric HVAC system, complemented by well-maintained shared common area restrooms. Location and Amenities • High Visibility seen by 20,000 plus vehicles per day. • Located in University Square - close proximity to Salem State University • Short distance to Crosby Market Place • Shadowed by Starbucks, McDonald's, Bagel World and many other National and Regional Brands. Location and Access • .6 Miles from Salem State University • 7 Minuets from Downtown Salem • 7 Minuets from Salem MBTA Commuter Rail • 41 Minuets from Boston • 40 Minuets from Logan Airport
Nearby Major Retailers
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Bldg A | 142 Canal St
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