Lynn, MA 01902,82-86 Sanderson Ave
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Lynn, MA 01902,82-86 Sanderson Ave
Lynn, MA 01902,82-86 Sanderson Ave
Lynn, MA 01902,82-86 Sanderson Ave
Lynn, MA 01902,82-86 Sanderson Ave

$3,800,000

Est. payment /mo

$4,200,000

9.5%
Est.Price: ?

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82-86 Sanderson Ave Lynn, MA 01902

111,311 SqFt

SOLD DATE : 10/15/2018

Key Details

Sold Price $3,800,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 111,311 sqft

Price per Sqft $34

MLS Listing ID 72312846

Sold Date 10/15/18

Year Built 1960

Annual Tax Amount $65,281

Tax Year 2017

Lot Size 2.560 Acres

Acres 2.56

Property Description

The building features 111,000 SF of leaseable space spread across two floors, 2 Otis elevators, 84 parking spaces, 3 drive-in docks, and 4 tailboard docks. The building is currently 78% leased by well established national and local businesses on triple net leases. Currently at a 10% cap rate. Office and light industrial spaces for lease. Owners will entertain 1031 tax exchanges. NDA required for tenant roster review. Motivated seller. Potential development opportunity. This property sits near major routes: 1A, 129, 107, and I-95 offering easy access to Boston and the surrounding areas. There is ample parking around the building, a park across the street and a commuter rail station nearby.

Location

State MA

County Essex

Area East Lynn

Zoning LI

Direction Half mile walk from Swampscott MBTA commuter rail stop. 12 miles from Boston, right of Route 1A.

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available, Three Phase

Roof Type Tar/Gravel, Metal, Rubber

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Listed by Horizon Capital Realty
Bought with Creative Closings Partners • Advise Realty
agent

Katie Gellenbeck

Advisor | License ID: 9558572

+1(206) 852-2256

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