251 Turnpike Road is a 3.81 acre site improved by a highly functional 15,500 SF light industrial building located along Route 9 in Southborough, MA. The property is 100% leased to two tenants, and priced at a 7.5% cap rate, offering investors long-term, and stable cash flow. The anchor tenant, occupying 10,500 SF, is an established dealership with 13-years of term and annual CPI rent increases. The second tenant has invested a significant amount of capital into its 5,000 SF and adds a complementary automotive use to building. The property offers convenient access to I-495 and exceptional visibility with approximately 600 feet of frontage. This stretch of Route 9 has signalized intersections about one mile in both directions and sees an average of 50,500 vehicles per day. The underlying zoning allows for a variety of uses and the ability to expand the existing building 35,190 SF.
- Tax Year:
- 99
- Status:
- Active
- Zoning:
- 99
- Orig Price:
- $5,000,000
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Southborough
- State:
- MA
- County:
- Worcester
- Postal Code:
- 01772
- Longitude:
- W72° 27' 39.8''
- Latitude:
- N42° 17' 28.3''
Commercial Sale
251 Turnpike Road, Southborough, Massachusetts
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $4,800,000
- Year Built :
- 1998
- Lot Area :
- 3.81 Acre
- Listing ID :
- 73481502
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com