Industrial & Logistics

60 Winter Street - Enjet Aero

60 Winter St Malden, Massachusetts United States 02148-1426
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Documents

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Attributes

Year Built 1968
Building Area
Land Area ()

Property Description

As the exclusive sales agent, Jones Lang LaSalle has been retained to market the fee-simple interest in 60 Winter Street (the “Asset”); a 47,915 square foot manufacturing facility located in Malden, Massachusetts.

 

The Property is 100% leased to a single tenant, Enjet Aero Malden, LLC, a manufacturer of precision machined and fabricated components and assemblies for jet engines. The asset is conveniently located less than 10 minutes north of downtown Boston, 3 miles from Interstate 93, and immediately adjacent to the Oak Grove Orange Line stop. Enjet Aero has 6 manufacturing facilities strategically located in close proximity to Aerospace hubs and the Malden location serves as a center of excellence for the companies range of product offerings. In 2020, the tenant signed a 10-year extension through 5/24/2032. With 10.7 years of remaining lease term, 60 Winter Street offers investors stable and durable cash flow from an established tenant who has been at the facility for 60 years, in a well-located urban infill industrial market.

 

The combination of the above characteristics makes 60 Winter Street a rare opportunity for investors. The Property is being marketed “as-is” and is free and clear of any debt.

Investment Highlights

  • 2.8% North Urban Vacancy Rate
  • Mission Critical Facility
  • Highly Accessible Location
  • 10.7 Years Lease Term Remaining
Last Updated Date: 17 May 2021
Michael Restivo
Michael Restivo
Senior Director, Capital Markets
License details
MA-9560857
Matthew Sherry
Managing Director, Capital Markets

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Last Updated Date: 17 May 2021

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