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146 Mendon St

100,000 SF 29% Leased Office Building Uxbridge, MA 01569 £4,303,475 (£43/SF)

Executive Summary

My detailed projection is over 20% IRR before depreciation benefits. The assumptions are 50% initial equity, a fifteen year hold with a 6-year rentup of the 80,000 SF of available space, borrowing only for tenant buildouts, and exiting with a sale at a 10% cap rate. 47% of current gross is a US Dept. of Agriculture Lease and 10% rooftop solar just being installed.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
100,000 SF
Building Class
B
Year Built
1890
Price
£4,303,475
Price Per SF
£43
Percent Leased
29%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
18,958 SF
Building FAR
0.68
Lot Size
3.37 AC
Zoning
I - Commercial-Retail-Industrial
Parking
314 Spaces (3.31 Spaces per 1,000 SF Leased)

Amenities

  • Courtyard
  • Property Manager on Site
  • Waterfront
  • Monument Signage
  • Outdoor Seating

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Public Administration
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The USDA provides leadership on food, agriculture, natural resources, rural development, nutrition, and related issues based on public policy, the best available science, and effective management. The USDA envisions providing economic opportunity through innovation, helping rural America thrive; promoting agricultural production that better nourishes Americans while also feeding others around the world; and preserving the nation’s natural resources through conservation, restored forests, improved watersheds, and healthy private working lands. The strategic goals of the USDA serve as a roadmap for the Department to ensure the achievement of its mission and the implementation of its vision.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Public Administration 99,999 SF $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste East
  • 12,195 SF
  • Office
  • -
  • Now

Memorable spaces with 9 entrances direct from parking, at grade and accessible, sandblasted brick and timber. Many possible restaurant, brewery, retail and service configurations as well as office. Windows on Park, River and Millyard, South, East and North. Patio facing Blackstone Canal State Park available for food service, brew pub.

  • 1st Fl-Ste Riverbank Outbldg.
  • 1,400 SF
  • Retail
  • -
  • Now

Build to Suit along 70 feet of the riverbank: Grandfathered rights to build on the footprint of the historic Spool barns, within twenty feet of the river. This is in the otherwise no-build 100-foot setback. Site is directly on the vehicle and pedestrian access to the State Park, and across from the 150 space shared parking permitted to be built when needed.

  • 1st Fl-Ste West
  • 5,277 SF
  • Office
  • -
  • Now

Space for display and sales in lobby is available. View of water turbine area in lobby and massive nineteenth-century vacuum pump. At-grade, fully Accessible entrance from north as well as on south (lobby), third entrance through historic stair tower. Excellent space for fitness, craft manufacturing, retail, brewery. Economical for firm with significant storage needs. Windows on two and a half sides, massive steel and timber, 30 X 100 & 20 X 100 foot bays.

  • 2nd Fl-Ste Canal
  • 18,390 SF
  • Office
  • -
  • Now

Retail-Restaurant-Creative or Office Space. Continuous windows viewing State Park, Sluice Gate machinery and Blackstone Canal, Tail Race and Millyard and Blackstone River. Restaurant could have tables along Canal Bank and bridges over canal, with canoe and kayak put-in. Direct Accessible entrances from Cross Street Parking via canopied Pedestrian bridge and via Canal Bank. Sandblasted timber, steel and brick.

  • 3rd Floor
  • 17,666 SF
  • Industrial
  • Shell Space
  • Now

Warehouse. I'll make renting the 3rd, 4th and 5th floors a bargain since they are only suitable for dead storage: Fully Sprinklered, but have to hoist outside to large loading doors on each level or use the stairs. (No elevator and no heat.) Additional attic space available

  • 4th Floor
  • 13,027 SF
  • Industrial
  • -
  • Now

Warehouse - dead storage. I'll make renting the 3rd, 4th and 5th floors a bargain since they are only suitable for dead storage: Fully Sprinklered, but have to hoist outside to large loading doors on each level or use the stairs. (No elevator and no heat.)

  • 5th Floor
  • 2,892 SF
  • Industrial
  • -
  • Now

Warehouse - dead storage. I'll make renting the 3rd, 4th and 5th floors a bargain since they are only suitable for dead storage: Fully Sprinklered, but have to hoist outside to large loading doors on each level or use the stairs. (No elevator and no heat.) Additional attic space available

Space Size Space Use Condition Available
1st Fl-Ste East 12,195 SF Office - Now
1st Fl-Ste Riverbank Outbldg. 1,400 SF Retail - Now
1st Fl-Ste West 5,277 SF Office - Now
2nd Fl-Ste Canal 18,390 SF Office - Now
3rd Floor 17,666 SF Industrial Shell Space Now
4th Floor 13,027 SF Industrial - Now
5th Floor 2,892 SF Industrial - Now

1st Fl-Ste East

Size
12,195 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste Riverbank Outbldg.

Size
1,400 SF
Space Use
Retail
Condition
-
Available
Now

1st Fl-Ste West

Size
5,277 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste Canal

Size
18,390 SF
Space Use
Office
Condition
-
Available
Now

3rd Floor

Size
17,666 SF
Space Use
Industrial
Condition
Shell Space
Available
Now

4th Floor

Size
13,027 SF
Space Use
Industrial
Condition
-
Available
Now

5th Floor

Size
2,892 SF
Space Use
Industrial
Condition
-
Available
Now

1st Fl-Ste East

Size 12,195 SF
Space Use Office
Condition -
Available Now

Memorable spaces with 9 entrances direct from parking, at grade and accessible, sandblasted brick and timber. Many possible restaurant, brewery, retail and service configurations as well as office. Windows on Park, River and Millyard, South, East and North. Patio facing Blackstone Canal State Park available for food service, brew pub.

1st Fl-Ste Riverbank Outbldg.

Size 1,400 SF
Space Use Retail
Condition -
Available Now

Build to Suit along 70 feet of the riverbank: Grandfathered rights to build on the footprint of the historic Spool barns, within twenty feet of the river. This is in the otherwise no-build 100-foot setback. Site is directly on the vehicle and pedestrian access to the State Park, and across from the 150 space shared parking permitted to be built when needed.

1st Fl-Ste West

Size 5,277 SF
Space Use Office
Condition -
Available Now

Space for display and sales in lobby is available. View of water turbine area in lobby and massive nineteenth-century vacuum pump. At-grade, fully Accessible entrance from north as well as on south (lobby), third entrance through historic stair tower. Excellent space for fitness, craft manufacturing, retail, brewery. Economical for firm with significant storage needs. Windows on two and a half sides, massive steel and timber, 30 X 100 & 20 X 100 foot bays.

2nd Fl-Ste Canal

Size 18,390 SF
Space Use Office
Condition -
Available Now

Retail-Restaurant-Creative or Office Space. Continuous windows viewing State Park, Sluice Gate machinery and Blackstone Canal, Tail Race and Millyard and Blackstone River. Restaurant could have tables along Canal Bank and bridges over canal, with canoe and kayak put-in. Direct Accessible entrances from Cross Street Parking via canopied Pedestrian bridge and via Canal Bank. Sandblasted timber, steel and brick.

3rd Floor

Size 17,666 SF
Space Use Industrial
Condition Shell Space
Available Now

Warehouse. I'll make renting the 3rd, 4th and 5th floors a bargain since they are only suitable for dead storage: Fully Sprinklered, but have to hoist outside to large loading doors on each level or use the stairs. (No elevator and no heat.) Additional attic space available

4th Floor

Size 13,027 SF
Space Use Industrial
Condition -
Available Now

Warehouse - dead storage. I'll make renting the 3rd, 4th and 5th floors a bargain since they are only suitable for dead storage: Fully Sprinklered, but have to hoist outside to large loading doors on each level or use the stairs. (No elevator and no heat.)

5th Floor

Size 2,892 SF
Space Use Industrial
Condition -
Available Now

Warehouse - dead storage. I'll make renting the 3rd, 4th and 5th floors a bargain since they are only suitable for dead storage: Fully Sprinklered, but have to hoist outside to large loading doors on each level or use the stairs. (No elevator and no heat.) Additional attic space available

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
UXBR-000190-003621
Land Assessment
£184,423
Improvements Assessment
£577,918
Total Assessment
£762,341
  • Listing ID: 28211460

  • Date on Market: 12/04/2023

  • Last Updated:

  • Address: 146 Mendon St, Uxbridge, MA 01569

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