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30Log Bridge RoadMIDDLETON, MAF U L LY L E A S E D27,000 SF /INDUSTRIAL/FLEXUNIT FOR SALE
CO N T E N T SFOR MORE INFORMATION, PLEASE CONTACT:David Stubblebine617-592-3391James Stubblebine617-592-3388Vin Cannistraro617-293-4553Valenitina Giraoud781-552-0723Harrison Piper 617-901-2397EXECUTIVE SUMMARY1PROPERTY SUMMARY5SITE & BUILDING PLANS13TENANT/FINANCIALOVERVIEW19LOCATION OVERVIEW23DEMOGRAPHICS &TRAFFIC COUNT29
Executive Summary
30 Log Bridge Road is located 1.25 miles from I-95 and Route 1 in thetown of Middleton, Massachusetts which is situated appoximately 17miles north of Boston. Middleton has a diverse economic base. Thesubject address represents an ideal opportunity for businesses in needof a professional campus setting as it is zoned M1 with access to majorhighways including Rt.1, I-95, Rt.114 & Rt. 62.THE OFFERINGAs the exclusive agent, The Stubblebine Company/CORFAC International is pleased to present 30 LogBridge Road Middleton, Massachusetts (the “Property”)to the marketplace for sale.The subject unit is part of the North Shore BusinessPark, a master planned 150,000 /- SF of modernindustrial park situated on 13.15 acres of land. Thecomplex is occupied by many tenants with Flex, Office,Light industrial, Retail and Medical uses.Situated just off Route 114, 30 Log Bridge Road hasclose proximity to many numerous outstanding retailand service amenities.230 LO G B R I D G E R O A D, M I D D L E TO N , M APROPERTY SUMMARYADDRESS30 Log Bridge RoadBUILDING SIZE50,000 sfUNIT SIZE27,000 /- sfCLEAR HEIGHT24’ZONINGM1 C- Light Industrial: supports, Flex,office, Light industrial, retail and medicalusesE xecutive S ummary3
Property Overview
PROPERTY SPECIFICATIONSPROPERTY SUMMARYADDRESS30 Log Bridge RoadBUILDING SIZE50,000 SFUNIT SIZE27,000 SFZONINGM1 C- Light Industrial: supports, Flex, office, Light industrial, retail andmedical usesZONING BYLAWS LINKhttps://ecode360.com/10440543YEAR BUILT2017CLEAR HEIGHT29’ in the rear and 26’ in the frontBAY SPACING6.5’ between racksROOFFlat membraneSTRUCTURAL SYSTEMSteelFOUNDATIONCast in place concrete slab630 LO G B R I D G E R O A D, M I D D L E TO N , M AHVAC4 rooftop HVAC units with individual zone control in multiple spacesfor offices, production and cafeteria. 4 gas powered Modine warehouse heating units.ELECTRICAL600 AELEVATORSOne (1) Shared ElevatorLIGHTINGLED lightingLOADINGThree (3) loading docks and one (1) drive-inPARKING40 designated spacesFIRE/LIFE SAFETY100% covered dry-pipe automatic sprinkler systemUTILITIESSeptic and Town waterREAL ESTATE TAXES 46,511.82 /FY 2020ALARM SYSTEMHardwired burglar alarm and camera system, access control ondoorsCHARGING STATIONS4 x EV Charging Stations mounted in front of the building (to be installed January 2022)P roperty O verview7
PROPERTY PHOTOS - EXTERIOR830 LO G B R I D G E R O A D, M I D D L E TO N , M AP roperty O verview9
PROPERTY PHOTOS - INTERIOR10 30 LO G B R I D G E R O A D, M I D D L E TO N , M AP roperty O verview 11
Site & Building Plans
PLOT PLAN14 30 LO G B R I D G E R O A D, M I D D L E TO N , M AS ite & B uilding P lans 15
FLOOR PLAN16 30 LO G B R I D G E R O A D, M I D D L E TO N , M AS ite & B uilding P lans 17
Tenant/Financial Overview
TENANT OVERVIEWFINANCIAL SUMMARYCASH FLOW SUMMARY:TENANT ROSTERLight Efficient Design, located in Cary, IL, launched our LED light bulb business in 2008, under theownership of Tim Taylor, a seasoned professional with decades of electrical distribution experience.The company was built upon the strident effort to lead the industry with innovative screw-in LEDretrofit manufacturing. Company values include distributor and ESCO relationship loyalty, productquality and innovation. Light Efficient Design is renowned for service excellence.Our signature product, the screw-in high power LED retrofit for HID fixtures, catapulted us ahead inthe market, providing rapid growth and significant recognition on Inc. Magazine and Crain’s Chicago Business ‘Fastest Growing Companies’ lists for several consecutive years. Subsequently, ourproduct line exploded and now includes pin-base retrofits, retrofit kits, fixtures and various specialty solutions.With a mission to continually evolve, at the start of 2018, Light Efficient Design acquired RemPhosTechnologies, of Danvers, MA. Specializing in product customization and environmentally friendlyLED lighting, RemPhos has a solid reputation within the lighting industry. Their LED modules, retrofits, luminaires and custom designs are efficiently lighting a broad variety of spaces includinghospitals, entertainment facilities, schools and sports complexes. Now partnering together, the newLight Efficient Design can bring superior lighting power to spaces of any kind.TenantSquareFeetComplexShareAnnual NNNRent per SFAnnual Rent(NNN)ANNUALINCREASESLease Exp.DateRem PhosTechnologiesTotal NetRental Income27,000100% 14.62 392,677.543%12/31/2028 392,677.54HIGHLIGHTS: OPPORTUNITY TO PURCHASE A HIGH QUALITY INDUSTRIAL/FLEX UNIT IN A THRIVINGINDUSTRIAL PARK CLOSE TO Rt.1, I-95, Rt.114 & Rt.62. SIGNIFICANT IN-PLACE INCOME WITH A MARKET LEASE RATE 100% LEASED FACILITY WITH A STABLE LONG-TERM TENANT(REM PHOS TECNOLOGIES) THE PROPERTY ENSCONCED IN THE NORTHSHORE MARKETPLACE HAS PROXIMITY TONUMEROUS OUTSTANDING AMENITIESAfter ten years of success and growth, Light Efficient Design has gone from a company of 3 to ateam of over 50 people. We have 10 distribution centers worldwide. Since partnering with RemPhos, the company has production facilities to customize LED products and qualify for ARRA Section 1605 Assembled in America guidelines. Focusing on lighting any commercial space with ourunique products, Light Efficient Design is equipped to update any space with efficient solutions.*Data Source: About Us page on the company website20 30 LO G B R I D G E R O A D, M I D D L E TO N , M AT enant / F inancial O verview 21
Location Overview
MIDDLETON MARKET HIGHLIGHTSRECENT MIDDLETON RESIDENTIAL DEVELOPMENTSMiddleton is one of the fastest-growing towns in the Commonwealth, and the fastest on the NorthShore. When locally grouped it is grouped with Salem, Danvers, and Beverly, but also occasionally Topsfield and Boxford, as these three towns are a tri-townAccording to the United States Census Bureau, the town has a total area of 14.5 square miles(37.4 km2), of which 14.0 square miles (36.2 km2) is land and 0.5 square mile (1.2 km2) (3.32%) iswater. Middleton lies along the border of Essex County, and is bounded by North Reading in Middlesex County to the west, and North Andover to the northwest, Boxford to the northeast, Topsfield to the east, Danvers to the southeast, Peabody to the south, and shares a 0.3 mile borderwith Lynnfield to the southwest.Middleton lies just west of Interstate 95, with two very short parts of the highway passing throughcorners of the town before and after passing through Topsfield. There are exits off the highway inBoxford and in Danvers which both provide access to the town. Route 114, which follows the pathof the old “Essex Turnpike”, passes through the center of town, and is crossed there by Route62, which merges with Route 114 for a 0.2 mile stretch there. There is no rail service within town;there are two lines (the Haverhill/Reading Line and the Newburyport/Rockport Line) of the MBTACommuter Rail to the west and south of town, both of which provide access to Boston’s NorthStation. The nearest small air service is located at Beverly Municipal Airport, with the nearest na-CITY HIGHLIGHTSSTONE RIDGEBLU HAVENTOWNHOMES# of units:12Year built:UnderConstructionRoute 114/S Main Street,Middleton’s main thoroughfare and retail corridor# of units:45Year built:UnderConstructionLocated just off of Route 114NORTH MAIN ST.INDUSTRIAL PARK# of units:TBDYear built:UnderConstructionNorth Main StreetMAGGIE’S FARMCool, casual restaurant and bar with live music in Middleton MA. Hip vibe, great food, and hottunes.https://maggiesfarmmiddleton.com/FARMER BROWN’S FARMERS MARKETFounded in 1996, Farmer Brown’s Farm Stand was started by farmers who wanted to apply theirfarming background to help select the freshest produce for customers.From the beginning, the store’s focus was to offer reasonable prices without sacrificing the qualityof its merchandise and service. Farmer Brown’s is committed to stocking and serving food fromthe best local vendors along with an assortment of fine imported products that we have tastetested to ensure customer satisfaction.24 30 LO G B R I D G E R O A D, M I D D L E TO N , M ALocation O verview 25
REGIONAL MAPLOCAL MAP30Log Bridge Rd.MIDDLETON, MA30Log Bridge Rd.MIDDLETON, MA26 30 LO G B R I D G E R O A D, M I D D L E TO N , M ALocation O verview 27
Demographics & Traffic
DEMOGRAPHICSTRAFFIC COUNT23MIDDLETON, MA,544ADTPopulation2021 Total Population2026 Projected PopulationPopulation Growth 2021 - 2026Median AgeHouseholds2021 HouseholdsHousehold Growth 2021-2026Average Household IncomeAverage Household Size2020 Average HH VehichlesHousingMedian Home ValueMedian Year Built30 30 LO G B R I D G E R O A D, M I D D L E TO N , M A1 Mile2,6932,7790.6%43.21 Mile1,0060.7% 135,5682.621 Mile 663,29819893 Miles43,87044,6560.4%46.53 Miles17,0650.4% 124,7062.423 Miles 516,782197330Log Bridge Rd.MIDDLETON, MA5 Miles109,635111,4980.3%45.25 Miles42,6820.3% 128,0052.525 Miles 537,3441966D emographics & T raffic 31
CONFIDENTIALITY & DISCLAIMERCONFIDENTIALITY & DISCLAIMER All materials and information received or derived from The Stubblebine Company/CORFAC International, its directors, officers, agents, advisors, affiliates and/or any third party sources are providedwithout representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance ofthe property, projected financial performance of the property for any party’s intended use or any and all other matters.Neither The Stubblebine Company/CORFAC International, its directors, officers, agents, advisors, or affiliates makesany representation or warranty, express or implied, as to accuracy or completeness of the any materials or informationprovided, derived, or received. Materials and information from any source, whether written or verbal, that may befurnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these andother matters of significance to such party. The Stubblebine Company/CORFAC International will not investigate orverify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALLCONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contractor in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigationsincluding through appropriate third-party independent professionals selected by such party. All financial datashould be verified by the party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. The Stubblebine Company/CORFAC International makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial data or assumptions. The StubblebineCompany/CORFAC International does not serve as a financial advisor to any party regarding any proposed transaction.All data and assumptions regarding financial performance, including that used for financial modeling purposes, maydiffer from actual data or performance. Any estimates of market rents and/or projected rents that may be provided toa party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate anyapplicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues inorder to determine rents from or for the property. Legal questions should be discussed by the party with an attorney.Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whetherthe property complies with applicable governmental requirements should be discussed by the party with appropriateengineers, architects, contractors, other consultants and governmental agencies. All properties and services aremarketed by The Stubblebine Company/CORFAC International in compliance with all applicable fair housing and equalopportunity laws.32 30 LO G B R I D G E R O A D, M I D D L E TO N , M AFOR MORE INFORMATION,PLEASE CONTACT:David StubblebinePrincipal617.592.3391James StubblebinePrincipal617.592.3388Vin CannistraroSenior Advisor617-293-4553Valentina GirouardAdvisor781-552-0723Harrison PiperAdvisor857-362-0144
miles north of Boston. Middleton has a diverse economic base. The subject address represents an ideal opportunity for businesses in need of a professional campus setting as it is zoned M1 with access to major highways including Rt.1, I-95, Rt.114 & Rt. 62. 2 30 LOG BRIDGE ROAD, MIDDLETON, MA EXECUTIVE SUMMARY 3
