116 Lundquist Drive & 21 Parker Drive_Property for Sale
116 Lundquist Drive & 21 Parker Drive_Property for Sale
Various locations

116 Lundquist Drive & 21 Parker Drive

Portfolio description

As exclusive sales agent, JLL is pleased to offer for sale 116 Lundquist Drive in Braintree, Massachusetts and 21 Parker Drive in Avon, Massachusetts (collectively, the "Portfolio"). Totaling 161,500 square feet of warehouse space, the Portfolio is 100% leased to six tenants with a WALT of 3.7 years. 


The Portfolio boasts strategic locations south of Boston, with 116 Lundquist Drive off I-93 and 21 Parker Drive directly off Route 24. The buildings are ideally positioned in a convenient highway network with regional and national access, offering “last mile” accessibility to Boston’s business community. The central, access-oriented locations allow tenants to leverage the region’s major arteries, including Routes 24 and 3 along with Interstates 93, 95, and 495. 


116 Lundquist Drive and 21 Parker Drive represent a unique opportunity to acquire two fully leased warehouses with a diversified rent roll. The Portfolio offers a range of tenants and suite sizes, and provides additional income through newly paved outdoor storage and parking areas at both properties. Tenants continue to seek sites with excess land, offering investors the ability to achieve premium rents for low-coverage space, which is nearly impossible to find in the land-constrained Boston Industrial Market.

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Attributes

Building area net
161,500 sf
Land area gross
15.04 acres
Occupancy
100%
WAULT
3.7 years
116 Lundquist Drive & 21 Parker Drive (2 Properties)
116 Lundquist Drive & 21 Parker Drive (2 Properties)

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Investment highlights

  • Fully Leased Infill Industrial Portfolio
  • Excellent Highway Accessibility
  • Low-Coverage, Shallow-Bay Industrial Product With Diversified Rent Roll
116 Lundquist Drive & 21 Parker Drive 4_Property for Sale
116 Lundquist Drive & 21 Parker Drive 4_Property for Sale

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Last updated
May 16, 2024