Multi use industrial building ideal for a multitude of uses. An owner/user could occupy all of the building or benefit from lease revenue from a smaller attached portion of the building. Multiple loading docks allow for easy off loading at either end of the building. Floor is partial concrete and partial wood. There is a partial basement area for additional storage.

NOTE: Qualified Opportunity Zone (QOZ): Buyer can realize a temporary deferral or a permanent exclusion of capital gains that are reinvested in an opportunity zone.

LOCATION:

Distance to Airport: 16.0 mi

Distance to Seaport: 19.1 mi

Population 500 Mile Radius: 72,810,118

Population 250 Mile Radius: 40,667,646

Population 50 Mile Radius: 6,484,886

Distance to Rail Terminal: 11.3 mi

Providence Market Summary/Providence Industrial

Industrial fundamentals remain remarkably healthy in Providence. Vacancies have been halved since 2014 and are among the lowest in the region. Rent growth has performed well and has even begun to surpass the national average for an extended period of time. Much of the success for the Providence industrial market is less to do with the health of the City of Providence but more to do with Boston’s growth. Boston’s economy is many magnitudes larger than Providence and has been growing at a faster rate, driving out sized demand for logistics to support the local economy. As land has become expensive closer to the city of Boston industrial development has pushed into the Providence market, particularly in Massachusetts Bristol County, which falls in the Providence MSA. Here, more than 2.3 million SF of net supply has been added since 2016, including a massive million-SF facility for Amazon in Fall River. That total amount of net supply is more than the entire Boston MSA during that same time (Boston has demolished a record amount of industrial supply). As a result of healthy fundamentals, sales volume has taken off, and 2018 was a record year as more than $300 million traded hands.