For Sale
$6,500,000

815 Woburn StWilmington, MA 01887

23,400 SF Manufacturing Facility, MA

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional owner-user opportunity presents two industrial buildings totaling 23,400 square feet on a 1.5-acre lot in Wilmington, Massachusetts. Building 1, comprising 10,800 square feet, is currently vacant and ready for immediate occupancy. This building boasts five drive-in loading doors, floor drains, a five-ton crane, a 3,600+ square foot two-story front office, 3-phase 400-amp 480v electric service, town sewer and water, natural gas heat, and a fire sprinkler system. Building 2, encompassing 12,600 square feet, is currently leased to a franchisee with a lease expiring October 31, 2029 (4.9 years remaining). The property is strategically located just 1.3 miles from I-93 and 2.6 miles from I-95, offering convenient access to major transportation routes and is only 14 miles north of Boston. The property features 40 parking spaces, 19-foot ceilings, and is zoned IG general industrial. The asking price is $6,500,000, translating to $277.78 per square foot. The property's current occupancy is 52%, with Building 1 becoming fully vacant on July 1, 2024. Rent bumps are included in the lease agreement for Building 2. This is a multi-tenant property with one current tenant. The buildings were constructed in 1986 and 2000. This is a rare opportunity to acquire a well-located, versatile industrial property with significant upside potential.

Highlights

  • Two industrial buildings totaling 23,400 square feet on a 1.5-acre lot in Wilmington, MA.
  • Building 1 (10,800 SF) is vacant and ready for immediate occupancy; Building 2 (12,600 SF) is leased through October 31, 2029.
  • Excellent location: 1.3 miles from I-93, 2.6 miles from I-95, and 14 miles north of Boston.
  • Building 1 features five drive-in doors, floor drains, a five-ton crane, a 3,600+ SF two-story office, 400-amp 480v 3-phase power, and a sprinkler system.
  • 40 parking spaces, 19-foot ceilings, and IG zoning. Asking price: $6,500,000 ($277.78/SF).

Property Details for 815 Woburn St

Property type
Industrial properties, Manufacturing properties
Square Feet
23,400 SF
Year Built
1986
Buildings
2
Lot Size (sq. ft)
65,340 SF
Units
2

Location Insight

City
Wilmington
County
Middlesex
State
Massachusetts
Latitude
42.53031214036
Longitude
-71.149473906357
815 Woburn St, Wilmington, Massachusetts

FAQs

What type of property is this?
Industrial property - 23,400 SF Manufacturing Facility, MA
Where is the industrial property located?
The property is located at 815 Woburn St Wilmington, MA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Two industrial buildings totaling 23,400 square feet on a 1.5-acre lot in Wilmington, MA.; Building 1 (10,800 SF) is vacant and ready for immediate occupancy; Building 2 (12,600 SF) is leased through October 31, 2029.; Excellent location: 1.3 miles from I-93, 2.6 miles from I-95, and 14 miles north of Boston.
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815 Woburn St
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