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27 York AveRandolph, MA 02368
27 York Avenue Randolph, MA
Asset ClassIndustrial
Square Feet34,000
% Leased: 100%# Tenants: 1Access Data Room
Well located industrial food processing building, 100% leased to a single NNN tenant
overview of deal

Overview

Avison Young is pleased to offer for sale 27 York Avenue, a 34,000 square foot industrial food processing facility located in Randolph, Massachusetts. The property is 100% leased to single-tenant Old World Provisions and serves as the primary headquarters and production facility for their Pearl Meat Packing brand, a household name in the region for hotdogs, sausages, and their meat products. With a long-term NNN lease, 27 York Avenue provides investors with stable and predictable cash flow, along with upside potential through the mark-to-market of its in-place below market rents.

 

Situated only 15 miles south of Downtown Boston, 27 York Avenue benefits from its prime infill location within the York Industrial Park. With over 750,000 of industrial inventory, this sought-after business park supports a diverse range uses including warehousing, logistics, manufacturing, construction, and food processing. Tenants and users are drawn to this location due to its immediate access to Route 24, Interstate 93 and Interstate 95, ensuring exceptional connectivity for tenants to major distribution corridors and efficient supply chain logistics.

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Investment Highlights

  • 34,000 square foot industrial food processing facility ideally positioned just off of Route 24 and the 128 Beltway (I-93/I-95)
  • 100% leased to NNN tenant Pearl Meat Packing (Guaranteed by parent company Old World Provisions)
  • Long-term sticky tenant that has operated out of the building for approximately 20 years
  • Value-add potential to mark-to-market the building's in-place below market-rents upon lease expiration.
  • Situated in the well-established York Industrial Park with 22-buildings and 750,000+ square feet of sought-after industrial inventory
  • Strong market fundamentals in the 128 South Industrial Market, highlighted by a vacancy rate of just 6.3% and average asking rents exceeding $16.00/SF NNN.
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27 York AveRandolph, MA 02368

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