5 Beeman Road,
Northborough MA

Ferris Development acquired 5 Beeman Road, a 55,500 Square foot Industrial building in September of 2016.  The asset was fully leased at acquisition by a single tenant, Iron Mountain, Inc., and purchased for $9.3 million.  Constructed in 2003 and expanded in 2011, 5 Beeman Road is a modern warehousing facility with integral management offices and document review areas.  The property boasts an impressive 56' clear height which has been improved by the tenant's investment in an expansive 7 level racking system.  Recognizing the strong market for document management and storage in the Boston area, Ferris Development diversifies its portfolio through this income generating asset with a solid credit tenant.