27 Kondelin Road 4 Properties Offered at $3,499,999 in Gloucester, MA

INVESTMENT HIGHLIGHTS

  • 27 Kondelin Road is a turnkey, income-generating investment opportunity located less than an hour from Downtown Boston, New Hampshire, and Maine.
  • Property features include ample surface parking, unit climate control, 24-hour security camera observation, night lighting, and tenant-paid utilities.
  • Spread across four buildings, the property features exceptionally maintained personal storage units and fully leased high-bay industrial units.
  • Located just off the Western Avenue/Route 127 corridor in an industrialized area surrounded by an affluent population within the immediate vicinity.

EXECUTIVE SUMMARY

27 Kondelin Road offers well-maintained personal storage and high-bay industrial units in Gloucester, Massachusetts. This fully leased, four-building complex spans 10,750 square feet, presenting a turnkey, income-generating investment opportunity.

All buildings have legal certificates of occupancy from a diversified tenant roster that includes automotive service businesses, a medical fabricator, and more. The high-bay units feature large industrial units, and the self-storage facility offers direct door drive-up and climate control. Tenants pay their own utilities and enjoy on-site parking, 24-hour security camera observation, night lighting, large unit interior lighting, and city water.

27 Kondelin Road is in an industrialized area within moments of Western Avenue/Route 127. From the property, arrive Downtown Boston, New Hampshire, and Maine in less than an hour's drive. An affluent population of over 1,200 residents lives within a mile of 27 Kondelin Road, representing an average household income of approximately $168,500 per year.

PROPERTY FACTS

Price $3,499,999
Price / SF $327.10 / SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Cap Rate 5.88%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 10,700 SF
Total Land Area 6.50 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Building 4
27 Kondelin Rd, Gloucester, MA 01930
Industrial 1,800 SF - -
Building 3
27 Kondelin Rd, Gloucester, MA 01930
Office 450 SF - -
Building 2
27 Kondelin Rd, Gloucester, MA 01930
Industrial 2,250 SF 2016 -
Building 1
27 Kondelin Rd, Gloucester, MA 01930
Industrial 6,200 SF 2005 -
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SALE ADVISOR

SALE ADVISOR

Keven Hobbs, Owner
(978) 804-8586
Contact
Keven Hobbs owns Main Deck Properties Inc., a company based in Gloucester, Massachusetts. He is experienced in commercial property ownership and management.
  • Listing ID: 34757233

  • Date on Market: 3/21/2024

  • Last Updated:

  • Address: 27 Kondelin Road, Gloucester, MA