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25 Rundlett Way

18,578 SF of Industrial Space Available in Middleton, MA 01949

Virtual Tour

Sublease Highlights

  • 25 Rundlett Way is a best-in-class flex facility off the S Main Street/Route 114 corridor, offering move-in-ready space in the front of the building.
  • Secure 18,578 SF across an open office plan with private offices and conference rooms, and a warehouse with loading solutions and 28-foot ceilings.
  • The building has been thoughtfully designed and built (2021) maximizing the possibility of many different uses.
  • Property features include an upscale brick exterior, an all-glass rotunda, beautiful windows, restroom showers, and high-functioning workspace.
  • Benefit from convenient Interstate 95 and Route 1 access and reach surrounding amenities, such as restaurants, entertainment, and services in minutes.

Features

Clear Height
28 ft
Level Access Doors
1
Exterior Dock Doors
4
Levelers
4

all available space(1)

Display Rent as

  • Space
  • Size
  • Term
  • Rent
  • Space Use
  • Condition
  • Available
  • 1st Floor - 1
  • 18,578 SF
  • Jan 2029
  • £19.61 /SF/PA £1.63 /SF/MO £211.08 /m²/PA £17.59 /m²/MO £364,319 /PA £30,360 /MO
  • Industrial
  • Full Build-Out
  • Now

This space includes private restrooms, closed circuit television monitoring, a security system, partitioned offices, plenty of windows with natural light, and a kitchen.

  • Sublease space available from current tenant
  • Includes 6,550 SF of dedicated office space
  • Space is in Excellent Condition
  • Partitioned Offices
  • Private Restrooms
  • Closed Circuit Television Monitoring (CCTV)
  • 28-foot Warehouse Clear Height
  • Up to 2,000-Amp 480-Volt 3-phase Power Available
  • Partial Lab build out in the warehouse
  • Lease rate does not include utilities, property expenses or building services
  • 1 Level Access Door
  • 4 Loading Docks
  • Kitchen
  • Security System
  • Natural Light
  • 4 Private Loading Docks with Levelers
  • Can accommodate for many different uses
  • Kitchen-Breakroom-Showers
Space Size Term Rent Space Use Condition Available
1st Floor - 1 18,578 SF Jan 2029 £19.61 /SF/PA £1.63 /SF/MO £211.08 /m²/PA £17.59 /m²/MO £364,319 /PA £30,360 /MO Industrial Full Build-Out Now

1st Floor - 1

Size
18,578 SF
Term
Jan 2029
Rent
£19.61 /SF/PA £1.63 /SF/MO £211.08 /m²/PA £17.59 /m²/MO £364,319 /PA £30,360 /MO
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Floor - 1

Size 18,578 SF
Term Jan 2029
Rent £19.61 /SF/PA
Space Use Industrial
Condition Full Build-Out
Available Now

This space includes private restrooms, closed circuit television monitoring, a security system, partitioned offices, plenty of windows with natural light, and a kitchen.

  • Sublease space available from current tenant
  • Lease rate does not include utilities, property expenses or building services
  • Includes 6,550 SF of dedicated office space
  • 1 Level Access Door
  • Space is in Excellent Condition
  • 4 Loading Docks
  • Partitioned Offices
  • Kitchen
  • Private Restrooms
  • Security System
  • Closed Circuit Television Monitoring (CCTV)
  • Natural Light
  • 28-foot Warehouse Clear Height
  • 4 Private Loading Docks with Levelers
  • Up to 2,000-Amp 480-Volt 3-phase Power Available
  • Can accommodate for many different uses
  • Partial Lab build out in the warehouse
  • Kitchen-Breakroom-Showers

Property Overview

25 Rundlett Way is a recently constructed flex/industrial building in Middleton, Massachusetts. The building features office and warehouse space, thoughtfully designed to maximize the potential for multiple uses. Currently available sublease space includes 18,578 square feet in the front of the building, which features a stunning all-glass rotunda. Between the rotunda and large windows, an abundance of natural light that shines throughout the building's interior. The office space includes a large open workspace, private offices, a conference room, and a kitchen with a breakroom. Showers are in each of the large men's and women's restrooms. Warehouse specifications and features include four private loading docks with levelers, a 10-foot by 12-foot drive-in door, a 28-foot clear height, and a partial lab build-out that can stay or be removed. The suite currently has a 400-amp, 480-volt, 3-phase power but can increase to a 2,000-amp, 480-volt, 3-phase service. 25 Rundlett Way sits less than 45 minutes north of Boston, just off the vibrant S Main Street/Route 114 commercial corridor. Immediately neighboring amenities include Starbucks, Market Basket, Summit's Place pizza restaurant, The Clubhouse Golf & Entertainment venue, and BA Fitness. Convenient access to Interstate 95 and Route 1 in minutes provides efficient travel routes to and from the property.

Distribution FACILITY FACTS

Building Size
56,000 SF
Lot Size
7.78 AC
Year Built
2021
Construction
Steel
Sprinkler System
ESFR
Power Supply
Amps: 400-2,000 Volts: 480 Phase: 3
Zoning
Business, Industrial Park - Retail, Flex, Light Industrial, Warehouse/Distribution, R&D, and Office

Marketing Brochure

About Danvers/Beverly

Middleton is a rural but vibrant suburban town about 20 miles north of downtown Boston. The denser communities of Danvers and Beverly lie to the east, with Salem located immediately south of Beverly, just across the Essex Bridge.

Residents are drawn to the larger area's serene green spaces, such as forests and preserves, golf courses, and water access.

Major arterials include Route 128, which breaks away from I-95 and runs east to Gloucester, and I-95 northbound. Route 1A travels through central Beverly, giving motorists access to Salem further south and Ipswich to the north. Massachusetts Route 114 connects Middleton to these arterials, running through the town's central portion, dotted with restaurants, quaint shops, bars, and art galleries.

Employment hubs in the larger region include Cummings Center to the east in Beverly, which is the former headquarters of United Shoe Machinery Corporation. In the late 1990s, a significant renovation turned the site into a corporate campus providing office, laboratory, or research space. A cluster of biotech and high-tech uses is also along Cherry Hill Drive, north of Route 128 in Danvers. Occupiers include HighRes Biosolutions, Axcelis, Leica Biosystems, and Abiomed.

Postsecondary education options nearby include Gordon College and Endicott College, which enroll well over 5,000 students combined. Transit options include major stops at North Beverly, Beverly, and Montserrat Station along the Newburyport/Rockport commuter line.

Tenants looking to locate or expand in the area will find vacancies running slightly below the greater Boston metro trend, with space pricing indicating a slight premium to market asking rates. In return, however, businesses looking to escape the more expensive clusters closer to Boston proper will also find many well-paid working professionals nearby.

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Boston
694,583
23
0 h 36 m
New York
8,398,748
226
4 h 51 m
Philadelphia
1,584,138
322
6 h 43 m
Baltimore
602,495
420
8 h 38 m
Washington
702,455
455
9 h 25 m
Virginia Beach
450,189
579
12 h 20 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
617,857
Total Labor Force
346,629
Unemployment Rate
2.63%
Median Household Income
$102,430
Warehouse Employees
44,260
High School Education Or Higher
93.00%
$ values in USD

Nearby Amenities

Restaurants

Starbucks Cafe £ 3 min walk
Freddy's Place Cafe ££ 4 min walk
Dunkin' Cafe - 10 min walk

Retail

Walgreens Drug Store 5 min walk
TD Bank Bank 9 min walk

Hotels

Best Western Plus
134 rooms
6 min drive
Candlewood Suites
126 rooms
5 min drive
Knights Inn
80 rooms
8 min drive
SpringHill Suites
164 rooms
11 min drive

Leasing Agent

Leasing Agent

(978) 836-6623
Contact
Peter Richardson, Owner
(978) 836-6623
Contact
Peter Richardson owns the Richardson Group, which is based in Middleton, Massachusetts. He specializes in both commercial and residential real estate.

About the Owner

Read More
  • Listing ID: 33194068

  • Date on Market: 16/09/2024

  • Last Updated:

  • Address: 25 Rundlett Way, Middleton, MA 01949

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