Building E 28 Hastings St 10,869 SF 100% Leased Industrial Building Mendon, MA 01756 $1,950,000 ($179.41/SF)

AIP Industrial is pleased to present for sale Building E at 28 Hastings Street in Mendon, Massachusetts. The property consists of a roughly 11,741 SF metal building featuring 6 drive up doors, clear heights up to 25'. The building is currently 100% leased, but all tenants are month to month. This provides optionality to a new buyer to occupy all of the space, a portion of the space, or simply convert the existing tenants to longer term lease structures and manage as an investment property.
The property will also be delivered with an existing solar roof installation which benefits from both SRECs/ RECs, as well as in place net metering arrangements. Coupled together with the in place cash flow from the property, the property economics are strong for both investors as well as owner occupiers.
Located approximately 6.1 miles from Interstate 495 and 13.3 miles from Interstate 90, the property offers regional accessibility within a suburban setting. The site is situated in the General Business (GB) zoning district, which permits uses such as storage, wholesale, and light manufacturing, with additional uses allowed by special permit.
The property is located in Mendon, Massachusetts, within the Blackstone Valley region, and is supported by strong surrounding demographics, including average household incomes exceeding $136,000 within a five-mile radius.