305 Kenneth Welch Drive offered the opportunity to acquire a highly functional industrial building with 25’ clear height, 3,200 SF (10%) of office space, eight (8) loading dock doors with levelers, one (1) drive-in door and a heavy-power supply. The Project is situated on a 5.0-acre parcel located two (2) miles from I-495 in an area bordering the towns of Lakeville and Middleborough, MA which form a node of industrial buildings in the southeastern portion of the greater I-495 South Market. The Location is proximate to major distribution and cold storage facilities.
At closing the property was vacant and poorly maintained leaving areas of deferred maintenance. Luzern fully renovated the warehouse and office areas of the property while simultaneously marketing the property to a single tenant user. Capitalizing on the strong industrial leasing market, Luzern completed a lease with Nitco, LLC an ALTA Equipment Group Inc. company. Base building improvement work consisted of interior lighting, repairs to the loading dock doors, parking lot paving and general cleaning and painting of portions of the interior and exterior of the building.
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