MANSARD Completes the Sale of 95 Billerica Avenue for $9,450,000
MANSARD recently facilitated the sale of 95 Billerica Avenue in Billerica, Massachusetts for $9,450,000 to the Miller Family Trust. MANSARD sold the property on behalf of 95 Billerica Owner, LLC operated by Azad Legacy Partners.
That is 100% leased to Aved Electronics (A Lithion Company) and Cristek Interconnects — two world-class contract manufacturers. The property features a newly installed interior freight lift along with a renovated, two-story atrium lobby, two tailboard loading docks, and abundant employee parking.
The second floor was recently built out to accommodate Aved’s expansion as well as Cristek’s new growth. This includes private offices, conference rooms, workstations, lab areas and kitchen areas. The property offers a weighted average lease term of 6 years and a net operating income of $672,430 with 15% contractual NOI growth over the lease term.
Open to a wide variety of uses, 95 Billerica Avenue can accommodate office, flex, light assembly, and lab users. The property is well located with access to interstate 495 at Exit 37 and Route 3 as well as within 1/2 mile of MBTA Commuter Rail stop.