150 Eastern AveNUE
Chelsea, MA 02150

56,516 SF   |   Acquired June 2017

Building Features:

  • Class A urban warehouse located within the “Airport Overlay District” – only ~400,000 SF of this zoning exists in Greater Boston
  • True “last mile” distribution and freight-forwarding facility located less than 5 miles from downtown Boston and featuring 16 loading docks, 20’ clear height, and 123 parking spots 
  • Acquired off-market from private HNW investor 

Opportunity/Strategy:

  • Rare opportunity to acquire a Class A infill industrial asset within the limited-availability “Airport Overlay District”
  • Existing gross lease structure offers the ability to convert to triple net upon expiration, creating approximately $4-6 PSF in additional net operating income 
  • Historic demand coupled with a low single digit vacancy rate within infill industrial product will continue to put upward pressure on rents