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372 Stevens St

186,049 SF 4-Star Industrial Building Fall River, MA 02721 £5,583,900 (£30/SF) 7.17% Net Initial Yield

Investment Highlights

  • Plenty of parking
  • Close by the South Watuppa Pond

Executive Summary

186,000 sq/ft building on 14 acres. 100,000 sq/ft + - being the original footprint built in 1972 with 22ft ceilings. In 1991 86000 + - sq/ft addition was built with 22 foot ceilings for production and 34' for warehouse shipping area. Exterior masonry building with a flat roof membrane for the 1991 addition. Utilities: Electric 3000 amp 3 phase 575v and 1500 3 phase 480v, natural gas, city water & sewer. 1 Firestone 060 EPDM fully adhered 15 year 55MPH warranty installed in 2015. 7 Dock height doors east and south sides of building. The NNN single tenant is Brookwood® Companies Incorporated.

Property Facts Under Contract

Price £5,583,900 Rentable Building Area 186,049 SF
Price Per SF £30 Number of Floors 2
Sale Type Investment NNN Year Built 1972
Net Initial Yield 7.17% Tenancy Single
Property Type Industrial Parking Ratio 0.54/1,000 SF
Property Subtype
Manufacturing
  • Industrial Warehouse
 Clear Ceiling Height 34 ft
Building Class B No. Dock-High Doors/Loading 7
Lot Size 14.79 AC
Price £5,583,900
Price Per SF £30
Sale Type Investment NNN
Net Initial Yield 7.17%
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Warehouse
Building Class B
Lot Size 14.79 AC
Rentable Building Area 186,049 SF
Number of Floors 2
Year Built 1972
Tenancy Single
Parking Ratio 0.54/1,000 SF
Clear Ceiling Height 34 ft
No. Dock-High Doors/Loading 7

Amenities

  • 24 Hour Access

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
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PROPERTY TAXES

Parcel Number FALL-000026E-000000-000001 Improvements Assessment £2,886,557
Land Assessment £1,153,793 Total Assessment £4,040,350

PROPERTY TAXES

Parcel Number
FALL-000026E-000000-000001
Land Assessment
£1,153,793
Improvements Assessment
£2,886,557
Total Assessment
£4,040,350

zoning

Zoning Code IND (Industrial Assessed Value Year 2024 Building Value 3,579,800 Xtra Features Value 38,80 Land Value 1,446,400 Total Value 5,065,000)
IND (Industrial Assessed Value Year 2024 Building Value 3,579,800 Xtra Features Value 38,80 Land Value 1,446,400 Total Value 5,065,000)
(774) 930-8677

Contact

  • Russell Guerriero
    Russell Guerriero
  • Russ G. Realty Group

  • Listing ID: 33041994

  • Date on Market: 03/09/2024

  • Last Updated:

  • Address: 372 Stevens St, Fall River, MA 02721

The Industrial Property at 372 Stevens St, Fall River, MA 02721 is currently available for sale. Contact Russ G. Realty Group for more information.

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© 2024 CoStar Group

372 Stevens St
(774) 930-8677 x

372 Stevens St

Russell Guerriero

(774) 930-8677

(774) 930-8677

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