480 SPRAGUE ST
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Location
480 SPRAGUE ST
Mblu
157/ 7/ / /
Acct#
Owner
NP SPRAGUE STREET LLC
Total Market Value
$20,213,200
PID
7121
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$13,373,100$6,840,100$20,213,200

Owner of Record
OwnerNP SPRAGUE STREET LLC
Co-OwnerC/ AEW CAPITAL MANAGEMENT LP
Address2 SEAPORT LANE
BOSTON, MA 02210
Sale Price$46,750,000
Certificate
Book & Page 38513/0554
Sale Date10/23/2020
Instrument1U

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
NP SPRAGUE STREET LLC$46,750,000 38513/05541U10/23/2020
EB/GP3 480 SPRAGUE ST LLC$15,400,000 33131/02730005/18/2015
NIP OWNER III LLC$10 32619/04051B10/14/2014
NIP OWNER LLC$7,580,814 29540/05071Q01/10/2012
NATIONAL INDUSTRIAL$14,000,000 25084/04130008/16/2007
EQUITY INDUSTRIAL SPRAGUE ST LTD PARTNER$12,000,000 23889/02720007/19/2006

Building Information
Building 1 : Section 1
Year Built: 1960
Living Area: 232,670
Replacement Cost: $20,077,094
Building Percent Good: 62
Replacement Cost
Less Depreciation:
$12,447,800
Building Attributes
FieldDescription
Style:Warehouse
ModelIndustrial
GradeAverage
Stories:1
Occupancy3.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2 
Roof StructureFlat
Roof CoverT&G/Rub Mem
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr Abv Grad
Interior Floor 2 
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeNone
Bldg UseWHSE STRG MDL-96
Total Rooms 
Total Bedrms00
Total Baths 
1st Floor Use:316I
Heat/ACNONE
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallNONE
Rooms/PrtnsAVERAGE
Wall Height20.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 204,032 204,032
AOFOffice, (Average) 28,638 28,638
   232,670 232,670

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
MEZ2FINISHED520.00 S.F.$14,9001
SPR2WET/CONCEALED28638.00 S.F.$74,6001
LDL1LOAD LEVELERS48.00 UNITS$147,9001
A/CAIR CONDITION28638.00 UNITS$39,1001
SPR1SPRINKLERS-WET208052.00 S.F.$541,8001

Land
Land Use
Use Code316I
DescriptionWHSE STRG MDL-96  
Zone LM
Neighborhood1300
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)644688
Frontage0
Depth0
Total Market Land$6,840,100

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  150000.00 S.F.$52,5001
TNK5ELEVATED TANK  25000.00 GALS$01
MSC7PMPHSE  510.00 UNIT$5,5001
FN4FENCE-8' CHAIN  3160.00 L.F.$13,1001
LT5MERC VAP/FLU  7.00 UNITS$15,1001
LT6W/DOUBLE LIGHT  8.00 UNITS$18,3001
SGN1SIGN-1 SD W/M  48.00 S.F.&HGT$9001
SGN3W/INT LIGHTS  24.00 S.F.&HGT$1,6001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2026$13,373,100$6,840,100$20,213,200
2025$11,587,300$6,479,100$18,066,400
2024$10,977,200$6,169,700$17,146,900

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