$3,800,000
$4,200,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
82-86 Sanderson Ave Lynn, MA 01902
111,311 SqFt
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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Bought with Creative Closings Partners • Advise Realty