Billerica Industrial Property Sells for 4.45 Million

An industrial property located at 400 Iron Horse Park in Billerica, Massachusetts, has recently changed hands for a notable $4.45 million. Marcus & Millichap successfully represented the seller while also procuring the buyer for this high-demand transaction.

This massive asset spans 219,164 square feet and consists of two classic manufacturing buildings originally constructed in 1913. These structures sit on an expansive 41.7-acre parcel featuring approximately 13 usable acres of land.

Evaluating the Property Layout

The facility layout features 185,000 square feet of ground-floor space alongside an additional 34,164 square feet of mezzanine space. Such dimensions offer immense flexibility for modern industrial operations looking for functional square footage.

Operational Features

Currently, the facility is occupied by a single manufacturer and comes fully equipped with three loading docks and eight drive-in doors. For those studying historical architecture, adaptive reuse projects like this provide fascinating insights into early 20th-century industrial design.

Harrison Klein, Luigi Lessa, and Mattias Edenkrans of Marcus & Millichap’s Boston office handled the exclusive marketing for the seller. Klein and Lessa collaborated closely with David Skinner and Prescott IOS to secure the buyer during a competitive bidding process.

Market Demand and Regional Access

According to Klein, the swift closing with minimal contingencies highlights a robust regional demand for affordable industrial space. Finding spaces that balance historical significance with modern logistical needs remains a priority for growing businesses.

Strategic Location Benefits

Situated roughly 30 miles from Boston, the property provides convenient regional access near Route 3 as well as Interstates 495 and 93. Exploring broader trends in regional architecture helps stakeholders understand why these well-connected suburban hubs remain hot commodities.

Transactions like this underscore the ongoing evolution of industrial corridors throughout New England. Investors continue to eye properties boasting large footprints and seamless highway connectivity.

 
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