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.

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Property Details of 251 Turnpike Road

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Hammond Residential Real Estate

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Property Details of 251 Turnpike Road

Property Details

Property Details

Basic Information

Exterior Features

Exterior Features

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Hammond Residential Real Estate