45 Beechwood DrNorth Andover, MA 01845

Property Details for 45 Beechwood Dr

Lot size

2.65 AC

Property size (Sq ft)

4,688 SF

Zone code

I1

Property type

Commercial real estate

APN

NAND M:00034 B:00006 L:00000

APU

NANDM00034B00006L00000

Description

This exceptional 30,855-square-foot flex building at 45 Beechwood Drive in North Andover, Massachusetts, presents a compelling investment opportunity. Located in Essex County, this single-story, Class B industrial property sits on a 5.01-acre lot and boasts a 12-foot ceiling height. Built in 1997, the building is currently 100% occupied under a corporate-guaranteed lease with Tower Engineering Professionals, extending through 2027. The property features two dock-high doors and a full HVAC system, making it ideal for a variety of industrial, flex, or R&D uses. Its strategic location directly across from a 3.8 million-square-foot Amazon distribution facility offers significant advantages. The property is offered fee simple, with a list price of $5,400,000 ($175.01 per square foot). The short-term lease provides an excellent opportunity for owner-users or value-add investors seeking to capitalize on the property's prime location in an affluent Boston suburb, just 32 miles from Boston and near the New Hampshire border, providing access to a strong labor pool. The flexible layout and well-maintained condition further enhance its appeal. This is a rare chance to acquire a high-quality industrial property in a thriving market. The property is offered as a single unit with a NNN lease type.

• CAP approach

  CAP return

  Valuation

  6%

  $878,409

  6.5%

  $810,839

  7%

  $752,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $612,534

  Geo Method

  $612,534

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,596,360

  Retail / Commercial

  $818,603

  Mixed-Use / Specialty

  $815,685

  Hospitality / Lodging

  $598,442

  Office

  $810,839

  Institutional / Educational

  $847,983

  Residential Income

  $992,140

  Multifamily

  $1,189,920

  Automotive / Energy

  $726,843

  Parking / Income-Based Land

  $250,825

  Restaurant / Food Service

  $424,244

  Healthcare / Senior Housing

  $836,469

Location Insight

City

North Andover

County

Essex

State

Massachusetts

Latitude

42.7317

Longitude

-71.1105

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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