3 Silver Fox Drive

Situated in the bustling town of Millbury, MA, the area around this property offers a strategic location with seamless access to major transportation routes, including interstates and highways, the area presents an ideal opportunity for logistics and transportation businesses. Nearby, the Massachusetts Turnpike, I-290, and I-90 provide convenient connections for seamless distribution and transit operations. Millbury also offers a range of local amenities and services, including dining options, retail centers, and recreational facilities, providing a well-rounded environment for employees and visitors. This prime location sets the stage for a promising investment in the heart of thriving commercial activity.Kelleher & Sadowsky Associates is pleased to present a very well maintained industrial property located on Silver Fox Drive in Millbury. The property is offered for sale and includes a ± 17,120 square foot industrial warehouse and repair facility located at 3 Silver Fox Drive, along with additional industrial-zoned parcels at 1, 2, and 4 Silver Fox Drive. Spanning approximately 48.35 acres, the property offers further development potential, as detailed in the included plans. The existing building features five garage bays, more than ± 14,000 square feet of warehouse space, and approximately ± 2,880 square feet of office space. Conveniently located off Riverlin Street, the property provides easy access to Routes 20, 122, 122A, 146 & the Massachusetts Turnpike (I-90), providing exceptional connectivity to central Massachusetts’ major highways. Currently, Fox Bus Lines occupies ± 11,400 square feet of space in the building, while Alpha Net Solutions leases approximately 2,700 square feet, along with a portion of the building that is owner occupied. The current in-place income is approximately $150,000 per annum, modified gross, and the leases provide for termination rights in the event of a buyer/end user sale. Notable lease provisions include: the lease with Fox Bus Lines runs through November 30, 2029, with five, one-year options to renew. Landlord and Tenant (Fox Bus Lines) maintain reciprocal lease termination rights, with a termination penalty equal to twelve (12) months of base rent required under the lease, unless Tenant’s termination is due to a “loss of contract” clause with the Massachusetts Port Authority, whereby there is no termination penalty. The Alpha Net Solutions lease is set to expire on April 30, 2025. 1 Silver Fox Drive: ± 1.53 acres 2 Silver Fox Drive: ± 1.69 acres 3 Silver Fox Drive: ± 43.44 acres 4 Silver Fox Drive: ± 1.69 acres The property has additional development potential, with an estimated ± 8.24 of building “excess land area”, as well as significant outside storage capabilities. The property offers an on-site fueling station, with a 10,000 gallon above ground diesel fuel tank, housed in a wood enclosure.