Industrial & Logistics

357 Fortune Blvd, Milford MA

357 Fortune Blvd Milford, Massachusetts United States 01757-1723
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area
Land Area ()

Property Description

JLL has been exclusively retained to offer for sale 357 Fortune Boulevard, a 32,040 SF industrial warehouse facility, in Milford, Massachusetts that will be delivered vacant. The building sits on a 3.70-acre parcel which allows for significant trailer storage space as well as tenant parking. The Property also has an existing concrete pad that served as a fenced in contractor yard. A +/- 16,200 square foot warehouse addition could be built on the existing concrete pad.

                                                                                                                                            

The opportunity is presented at a time when the Boston industrial market has never been hotter. Rapidly accelerating e-commerce trends have placed a historic premium on small-scale warehouse and distribution space critical to last mile distribution users who desperately need highway access and relative proximity to the Greater Boston market. Rents across the market have increased 36% over the past 5 years and there is extremely limited vacancy. Set in both Metro South and along the 495 corridors, this asset is positioned to capture the best of the market momentum associated with this product sector. The property is being offered as-is, free and clear of any debt and with no asking price.

Investment Highlights

  • Excellent Desirability & Optionality
  • 495 South Corridor
  • Coveted Industrial Product
  • Strong Warehouse Geography
Last Updated Date: 19 Jul 2021
Michael Restivo
Michael Restivo
Senior Director, Capital Markets
License details
MA-9560857
Lenny Pierce
Lenny Pierce
Director, Capital Markets
License details
MA-9535848

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Last Updated Date: 19 Jul 2021

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