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Asking Price Contact for pricing
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NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Land Area ()

Property Description

As the exclusive sales agent, Jones Lang LaSalle has been retained to market the fee-simple interest in 0 Concord Road (the “Asset” or “Site”); an 18.2-acre parcel of land located in Billerica, Massachusetts. The industrially zoned parcel is strategically situated between two critical interchanges in Boston’s northern suburbs (I-95/RT-3 and I-495/RT-3), offering seamless access and connectivity to New England’s major population centers. The almost entirely “Dry” Site is zoned for industrial and GMP/Bio-Manufacturing as-of-right. Post-COVID lab and industrial demand continues its unabated upward march, and there is high appeal for GMP assets north of Boston due to its access to Cambridge and Somerville, low vacancy rates, and strong rent growth. The robust demand fundamentals that support new construction of both these asset types, means pricing under this programming will be compelling. 

       

The combination of the above characteristics makes the Concord Road Land Parcel a rare opportunity for investors. The Parcel is being marketed “as-is” and is free and clear of any debt.

Investment Highlights

·      As-of Right Life Science and Industrial Parcel

·      Limited Industrial Development Sites within I-495

·      Located within one of Boston’s Premier High-Tech/Life Science Clusters

·      Proven Nearby Development

Last Updated Date: 10 Sep 2021
Michael Restivo
Michael Restivo
Senior Director, Capital Markets
License details
MA-9560857
Lenny Pierce
Lenny Pierce
Director, Capital Markets
License details
MA-9535848

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Last Updated Date: 10 Sep 2021

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