4 Middlesex Ave
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4 Middlesex Ave
10,520 SF Retail Building Wilmington, MA 01887 $1,550,000 ($147/SF) 7% Cap Rate
Executive Summary
10,520 SF free standing, 2-story retail/flex building situated on 0.21 acres. Located 2.2 miles away from I-93, this block construction building is tenanted by NAPA Auto Parts. NAPA has been operating at the property since 2008 and recently executed a 5-Year lease extension demonstrating commitment to the location and market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,520 SF
Building Class
B
Year Built
1975
Price
$1,550,000
Price Per SF
$147
Cap Rate
7%
NOI
$108,500
Tenancy
Single
Building Height
2 Stories
Building FAR
1.15
Land Acres
0.21 AC
Zoning
C
Parking
25 Spaces (2.38 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | WILM-000042-000000-000000-000030 | Improvements Assessment | $638,200 |
| Land Assessment | $267,400 | Total Assessment | $905,600 |
PROPERTY TAXES
Parcel Number
WILM-000042-000000-000000-000030
Land Assessment
$267,400
Improvements Assessment
$638,200
Total Assessment
$905,600
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Anthony Triglione -
Nordlund Associates, Inc.
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4 Middlesex Ave
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