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JLL has been exclusively retained to offer for sale 357 Fortune Boulevard, a 32,040 SF industrial warehouse facility, in Milford, Massachusetts that will be delivered vacant. The building sits on a 3.70-acre parcel which allows for significant trailer storage space as well as tenant parking. The Property also has an existing concrete pad that served as a fenced in contractor yard. A +/- 16,200 square foot warehouse addition could be built on the existing concrete pad.
The opportunity is presented at a time when the Boston industrial market has never been hotter. Rapidly accelerating e-commerce trends have placed a historic premium on small-scale warehouse and distribution space critical to last mile distribution users who desperately need highway access and relative proximity to the Greater Boston market. Rents across the market have increased 36% over the past 5 years and there is extremely limited vacancy. Set in both Metro South and along the 495 corridors, this asset is positioned to capture the best of the market momentum associated with this product sector. The property is being offered as-is, free and clear of any debt and with no asking price.
- Excellent Desirability & Optionality
- 495 South Corridor
- Coveted Industrial Product
- Strong Warehouse Geography