66 Pond Street, is a 66,390 SF industrial warehouse facility, in Whitman, Massachusetts that is currently vacant. The steel-framed portion of the building has minimal interior columns and 20’ clears at the peak while the timber-framed portion consists of lower clear flex space. Additionally, the building sits on a 7.86-acre parcel which could allow for significant trailer storage space as well as the potential for a redevelopment program involving the addition of dock doors and potential add-on warehouse space.
The opportunity is presented at a time when the Boston industrial market has never been hotter. The e-commerce trend has accelerated in recent years, making even small-scale warehouse and distribution space critical for those last-mile distribution users who desperately need highway access and relatively close proximity to the city of Boston. Rents across the market have increased 36% over the past 5 years and there is extremely limited vacancy. Set in both Metro South and between MA-24 and MA-3, this asset is positioned to capture the best of the market momentum associated with this product sector. The property is being offered as-is, free and clear of any debt and with no asking price.