Joint Venture/Senior Developer Opportunity 5.04 Acres For Sale

Property Description

Joint Venture/Senior Developer Opportunity

5.04 acres of Industrial Zoned, transit-oriented development site, also has significant potential for a “value-add” investment opportunity at 356 South Ave., in Whitman, MA. Conveniently located directly off Routes 27 and 18, this property offers 111,128 sq. ft. of up to two stories, of versatile Industrial/Flex, Manufacturing and Warehouse space. These multi-contiguous brick buildings are; fully sprinklered, heated with natural gas, have town water and sewer, and are currently 90% leased, all tenants are currently tenants at will, and priced substantially below market rents. This unique property is directly adjacent to the Whitman Station Commuter Rail and is within walking distance of Whitham Center and borders a scenic park and Hobart Pond. The existing structure has potential for historical tax credits for residential development.

Property Highlights

• Transit-oriented development, Industrial Zoned site or value-add opportunity
• Directly adjacent to Whitman Station Commuter Rail & scenic park
• 90% Occupied / All current tenants are at will; and paying substantially below market rents
• Fully sprinklered, 3 loading docks and concrete pads, 170 parking spaces
• Potential historical tax credit opportunity for development