45 Barlett- Offering Memorandum

Page 1

FLEX | INDUSTRIAL | ASSET FOR SALE

PROPERTY OVERVIEW PROPERTY HIGHLIGHTS HIGHLIGHTS CONT. INCOME TENANTS FLOORPLAN LOCATION MAP PLOT PLAN CONCEPTUALS INTERIOR PHOTOS CONTACT US 3 4 5 6 7 8 9 10 11 12 13 TABLE
OF CONTENTS

PROPERTY OVERVIEW

NAI GLICKMAN KOVAGO & JACOBS IS PLEASED TO PRESENT THE OPPORTUNITY TO ACQUIRE THE FEE SIMPLE INTEREST IN 45 BARTLETT STREET, A +/- 43,774 SQUARE FOOT FLEX BUILDING IN MARLBOROUGH, MA. THE PROPERTY CURRENTLY HAS STABLE IN PLACE CASH-FLOW FROM TWO CREDIT-WORTHY TENANTS, INCLUDING THE OWNER OF THE PROPERTY, WHO WILL DO A SALE LEASEBACK ON A TRUE TRIPLE NET BASIS OF UP TO SEVEN YEARS UPON SALE OF THE PROPERTY. THE BUILDING UNDERWENT A FULL ROOF REPLACEMENT ONE YEAR AGO.

THERE IS CONSIDERABLE UPSIDE VIA LEASE-UP OF THE 10,000 SQUARE FOOT VACANCY IN THE BUILDING, WHICH CURRENTLY FEATURES 22' CEILING HEIGHTS THROUGHOUT, AND AMPLE POWER. FORMERLY A DATA CENTER, THE VACANCY PROVIDES A UNIQUE SWATH OF INFRASTRUCTURE THAT IS FIT TO ACCOMMODATE A WIDE ARRAY OF FUTURE TENANTS, INCLUDING HIGH BAY WAREHOUSERS, LIGHT AND/OR HEAVY MANUFACTURERS, LAB USERS, AND MORE. AT MINIMAL COST, THE SPACE CAN BE SHELLED-OUT TO CREATE A PERFECT 10,000 SQUARE FOOT RECTANGULAR LAYOUT WITH 22' CEILING HEIGHTS, EXCLUSIVE LOADING, AMPLE POWER, AND PARKING.

THE STABLE CASH FLOW, FUTURE UPSIDE, AND FLEXIBLE 10,000 SQUARE FOOT VACANCY MAKE 45 BARTLETT AN ATTRACTIVE OPPORTUNITY FOR BOTH VALUE-ADD INVESTORS AND OWNER-USERS OF SIMILAR FOOTPRINT SIZE.

TOTAL SQUARE FOOTAGE LOT SIZE ZONING YEAR BUILT/RENOVATED PARKING UTILITIES HIGHWAY ACCESS 43,774 SF 5.92 ACRES INDUSTRIAL 1970 | 1985 87 SPACES CITY WATER AND SEWER | GAS HEAT 1.2 miles from I-495 1.2 miles from Route 20 3.9 miles from Route 9 3.0 miles from I-290
PROPERTY HIGHLIGHTS EXECUTIVE SUMMARY

HIGHLIGHTS

ONE (1) TAILBOARD HEIGHT LOADING DOCK AND ONE (1) DRIVE-IN DOOR

22' CLEAR HEIGHT

HEAVY POWER - 3,000 AMPS, EASILY EXPANDED TO 6,000 AMPS

FULLY AIR CONDITIONED

AMPLE PARKING

ONE CLASS 10,000 CLEAN ROOM

STABILIZEDRENTROLL Tenant SQFT AnnualRent Expenses Rent$/SF GLOBALPACKAGING 17,400 $243,600.00 - $14.00 PRISM 16,374 $196,488.00 - $12.00 VACANCY 10,000 $140,000.00 - $14.00NETOPERATINGINCOME 43,774 $580,088.00RENTROLL TENANT SQFT ANNUALRENT EXPENSES RENT$/SF GLOBALPACKAGING 17,400 $243,600.00 - $14.00 PRISM 16,374 $196,488.00 - $12.00 VACANCY 10,000 - -NETOPERATINGINCOME 43,774 $440,088.00INCOME

TENANTS

Global Printing and Packaging is a global printing solution provider, delivering top quality packaging and logistics to businesses of all sizes without the associated high costs. Their innovative approach, coupled with unbeatable resources in-house and overseas, help their clients with all aspects of product packaging – from concept and design, to engineering and testing, to strategic sourcing and freight forwarding. Global Printing & Packaging has been in business since 1965.

Prysm Systems is a leading provider of large-format Laser Phosphor Displays (LPD). Prysm focuses on the production, design, and distribution of best in class interactive panel displays for creative and collaborative work environments.

MARLBOROUGH, MA

LOCATION MAP
PLOT PLAN

CONCEPTUALS

PHOTOS

774.230.3448 mjacobs@glickmankovago.com 774.239-5151 jkeogh@glickmankovago.com MICHAEL JACOBS J H Principal CONTACT US
1 Mercantile Street, Suite 510 | Worcester, MA 508.753.9100 www.glickmankovago.com All information regarding property for sale or lease is from sources deemed reliable Wh le we do not doubt ts accuracy, we have not verified it and make no warranty or representation to the accuracy thereof and the same is submitted subject to errors, om ssions, change of price, rental or other condit ons, prior sa e or ease or withdrawal without notice Any projections and assumptions are used for convenience and example only and do not represent actual future performance You and your trusted advisors should independently verify a l informat on and projections
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