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445 Newburyport Tpke 12,800 SF 100% Leased Industrial Building Rowley, MA 01969 For Sale 8% Cap Rate
EXECUTIVE SUMMARY
Nordlund Associates is pleased to offer 445 Newburyport Turnpike for sale. This 12,800± SF industrial facility may be purchased with a new long-term lease to GP & G Corporation. GP & G has invested significantly in production systems, modern equipment, and operational tenant improvements to support their ongoing use of the property. This location offers direct frontage along Route 1 with convenient access to I-95 and Route 133, allowing GP & G to efficiently service its customers.
GP & G's lease recently expired and would like to renew for a minimum of 5 years at current Fair Market Value (est. $ 12.50 - 13.50 SF/YR NNN) with multiple options to renew . Proposed lease terms should be included in all offers. All offers will be reviewed immediately upon receipt and responded to on a rolling basis.
GP & G's lease recently expired and would like to renew for a minimum of 5 years at current Fair Market Value (est. $ 12.50 - 13.50 SF/YR NNN) with multiple options to renew . Proposed lease terms should be included in all offers. All offers will be reviewed immediately upon receipt and responded to on a rolling basis.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Rentable Building Area | 12,800 SF |
| Cap Rate | 8% | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1981/1988 |
| Property Subtype | Manufacturing | Parking Ratio | 2/1,000 SF |
| Building Class | B | Clear Ceiling Height | 11’ |
| Lot Size | 6.00 AC | No. Dock-High Doors/Loading | 2 |
| Zoning | BLI - Business Light Industry | ||
| Sale Type | Investment or Owner User |
| Cap Rate | 8% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 6.00 AC |
| Rentable Building Area | 12,800 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1981/1988 |
| Parking Ratio | 2/1,000 SF |
| Clear Ceiling Height | 11’ |
| No. Dock-High Doors/Loading | 2 |
| Zoning | BLI - Business Light Industry |
AMENITIES
- Bus Ducts
- Yard
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | ROWL-000023-000034-000002 | Improvements Assessment | $508,100 |
| Land Assessment | $598,900 | Total Assessment | $1,107,000 |
PROPERTY TAXES
Parcel Number
ROWL-000023-000034-000002
Land Assessment
$598,900
Improvements Assessment
$508,100
Total Assessment
$1,107,000
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445 Newburyport Tpke
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