Sourced off-market through a local broker from a non-traded REIT looking to create liquidity.
Property Description
The Property is located in Devens Industrial Park, one of Metro West’s premier industrial parks, attracting both institutional capital and high-profile tenants.
The Property boasts Class A specs including 33' clear, 150' truck court, 1 per 3,700 SF of loading, ESFR sprinklers and LED lighting.
Investment Thesis
NB PSF basis is +/- 35% below replacement cost.
Potential to monetize excess land, which NB attributed zero value to at acquisition, via IOS, trailer parking, or small bay warehouse.
