749 Middlesex Turnpike_Pand te koop
749 Middlesex Turnpike_Pand te koop
749 Middlesex Tpke, Billerica, MA, 01821-3906, US

749 Middlesex Turnpike

Activa beschrijving

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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Attributen

Netto gebouwoppervlakte
3.682 vierkante meter
Bezetting
100%
Bouwjaar
1979
Jaar gerenoveerd
2021
Bruto landoppervlakte
2,67 ha
WAULT
8.6 jaren
Aantal laadperrons
2
Parkeerplaatsen
129

Media

Investeringshoogtepunten

  • 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_Pand te koop
749 Middlesex Turnpike 4_Pand te koop

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Laatst bijgewerkt
May 16, 2024