749 Middlesex Turnpike_Propriété à vendre
749 Middlesex Turnpike_Propriété à vendre
749 Middlesex Tpke, Billerica, MA, 01821-3906, US

749 Middlesex Turnpike

Description de l'actif

As exclusive sales agent, Jones Lang LaSalle is pleased to offer for sale 749 Middlesex Turnpike (the “Property”), a 39,632 square foot, state-of-the-art lab and manufacturing facility located in Billerica, Massachusetts. 100% leased to Access Vascular Inc. ("AVI") through 2033, this offering is an exciting opportunity to acquire a modern, redeveloped facility with flexible infrastructure and attractive cash flow stability in Greater Boston’s world-renowned life science market.


Access Vascular (AVI), a leading innovator in venous catheters, relocated its world headquarters to the Property in February 2022 after the Property completed an over $4 million renovation including base building, mechanical, electrical, and extensive interior capital and tenant improvements. Founded in 2015, AVI is on an exciting growth trajectory raising over $57 million across seven funding rounds since the company's formation. AVI's achievements were recently recognized as they were the winner of the 2022 MedTech Breakthrough Award as well as the 2022 Edison Award for Innovation. In October 2023, AVI received $22 million Series C financing, which will support a substantial production capacity increase for a unique vascular device.


Located in the heart of the 1.8 million square foot Middlesex Life Science Corridor, the Property neighbors some of the most globally recognized brands. As an established life science & R&D node, Middlesex Turnpike outperforms the Greater Boston average in both rental and vacancy rate. With limited net new supply in the immediate area, 749 Middlesex is positioned to win long-term.

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Attributs

Superficie du bâtiment nette
3 682 mètres carrés
Occupation
100 %
Année de construction
1979
Année de rénovation
2021
Superficie du terrain brute
2,67 ha
WAULT
8.6 années
Nombre de quais de chargement
2
Places de parking
129

Média

Points forts de l'investissement

  • Established Life Science / R&D Submarket within a Highly Accessible Talent-Rich Location
  • Modern Lab Space With Flexible Structure for Adaptive Reuse
  • Long Term In-Place Cash Flow From Fast Growing Life Science Company
  • Expansion Potential: 29,400 RSF as-of-right future development rights


749 Middlesex Turnpike 4_Propriété à vendre
749 Middlesex Turnpike 4_Propriété à vendre

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749 Middlesex Turnpike (0 Propriétés)
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Dernière mise à jour
16 mai 2024