428 NEWBURYPORT TPKE
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Location
428 NEWBURYPORT TPKE
Mblu
18/ 3/ 1/ /
Acct#
Owner
PPF INDUSTRIAL 420-428 NEWBURYPORT
Total Market Value
$24,291,400
Appraisal
$24,291,400
PID
102078
Building Count
4
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2027$21,234,700$3,056,700$24,291,400
Assessment
Valuation YearImprovementsLandTotal
2027$21,234,700$3,056,700$24,291,400

Parcel Addresses
Additional Addresses

No Additional Addresses available for this parcel


Owner of Record
OwnerPPF INDUSTRIAL 420-428 NEWBURYPORT
Co-OwnerC/O SEYON MANAGEMENT
Address535 BOYLSTON ST FLOOR 11
BOSTON, MA 02116
Sale Price$54,000,000
Certificate
Book & Page 41204/4
Sale Date09/21/2022
Instrument1V

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
PPF INDUSTRIAL 420-428 NEWBURYPORT$54,000,000 41204/41V09/21/2022
420 NEWBURYPORT TNPK LLC$355,000 21834/01211B09/26/2003
420 NEWBURYPORT TNPK LLC$1 20670/02731B04/25/2003
TRS 460 NEWBURYPORT TNPK REALTY$295,000 19839/01061G12/18/2002
TRS 420 NEWBURYPORT TNPK REALTY$0 14914/05981A06/29/1998

Building Information
Building 1 : Section 1
Year Built: 2008
Living Area: 86,812
Building Percent Good: 86
Replacement Cost
Less Depreciation:
$8,876,200
Building Attributes
FieldDescription
Style:Light Indust
ModelIndustrial
GradeGood
Stories:1
Occupancy1.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2Glass/Thermo.
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Minim/Masonry
Interior Wall 2Drywall/Sheet
Interior Floor 1Concr-Finished
Interior Floor 2Carpet
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeNone
Bldg UseFACTORY
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use: 
Heat/ACNONE
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsLIGHT
Wall Height24.00
% Comn Wall0.00
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 58,300 58,300
AOFOffice, (Average) 28,512 28,512
FOPPorch, Open, Finished 144 0
   86,956 86,812
Building 2 : Section 1
Year Built: 2010
Living Area: 31,745
Building Percent Good: 88
Replacement Cost
Less Depreciation:
$3,375,600
Building Attributes : Bldg 2 of 4
FieldDescription
Style:Light Indust
ModelIndustrial
GradeGood
Stories:1
Occupancy2.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2Glass/Thermo.
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Minim/Masonry
Interior Wall 2Drywall/Sheet
Interior Floor 1Concr-Finished
Interior Floor 2Carpet
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeNone
Bldg UseFACTORY
Total Rooms00
Total Bedrms00
Total Baths00
1st Floor Use: 
Heat/ACNONE
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsLIGHT
Wall Height24.00
% Comn Wall0.00
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 21,658 21,658
AOFOffice, (Average) 10,087 10,087
   31,745 31,745
Building 3 : Section 1
Year Built: 2013
Living Area: 29,908
Building Percent Good: 88
Replacement Cost
Less Depreciation:
$3,403,500
Building Attributes : Bldg 3 of 4
FieldDescription
Style:Light Indust
ModelIndustrial
GradeGood
Stories:1
Occupancy2.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2Glass/Thermo.
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2Minim/Masonry
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeNone
Bldg UseFACTORY
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACNONE
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsABOVE AVERAGE
Wall Height24.00
% Comn Wall0.00
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 17,500 17,500
AOFOffice, (Average) 12,408 12,408
CLPLoading Platform, Finished 714 0
   30,622 29,908
Building 4 : Section 1
Year Built: 2019
Living Area: 40,533
Building Percent Good: 92
Replacement Cost
Less Depreciation:
$3,683,500
Building Attributes : Bldg 4 of 4
FieldDescription
Style:Light Indust
ModelIndustrial
GradeGood
Stories:1
Occupancy1.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2Glass/Thermo.
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeNone
Bldg UseFACTORY
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACNONE
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsLIGHT
Wall Height24.00
% Comn Wall 
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 40,533 40,533
   40,533 40,533

Extra Features
Extra Features
CodeDescriptionSizeValueAssessed ValueBldg #
MEZ3W/PARTITIONS6247.00 S.F.$197,900$197,9002
SPR1SPRINKLERS-WET29908.00 S.F.$52,600$52,6003
SPR1SPRINKLERS-WET31745.00 S.F.$55,900$55,9002
SPR1SPRINKLERS-WET86812.00 S.F.$149,300$149,3001
LDL2W/MAN FLIP OUT2.00 UNITS$3,100$3,1001
MEZ1MEZZANINE-UNF6247.00 S.F.$99,000$99,0002
A/CAIR CONDITIONING28800.00 S.F.$99,100$99,1001
A/CAIR CONDITIONING29908.00 S.F.$105,300$105,3003
MSC8ELEVATOR 2 STOPS2.00 UNIT$255,200$255,2002
A/CAIR CONDITIONING18742.00 S.F.$66,000$66,0002
LDL2W/MAN FLIP OUT3.00 UNITS$4,800$4,8002
SPR1SPRINKLERS-WET40533.00 S.F.$74,600$74,6004
A/CAIR CONDITIONING40533.00 S.F.$149,200$149,2004
LDL1LOAD LEVELERS2.00 UNITS$7,900$7,9003
MEZ1MEZZANINE-UNF15218.00 S.F.$252,000$252,0004

Land
Land Use
Use Code4022
DescriptionIND BLDG  
ZoneBLI
Neighborhood200
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)27.8
Frontage
Depth
Total Market Land$3,056,700
Appraised Value$3,056,700

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueAssessed ValueBldg #
PAV1PAVING-ASPHALT  20000.00 S.F.$30,000$30,0003
PAV1PAVING-ASPHALT  72000.00 S.F.$108,000$108,0001
LT11W/TRIPLE LIGHT  3.00 UNITS$13,500$13,5003
LT1LIGHTS-IN W/PL  6.00 UNITS$6,800$6,8001
MSC18LARGE GENERATOR  1.00 UNIT$27,000$27,0003
LT11W/TRIPLE LIGHT  6.00 UNITS$27,000$27,0001
PAV1PAVING-ASPHALT  25000.00 S.F.$37,500$37,5002
SGN2DOUBLE SIDED  40.00 S.F.&HGT$2,200$2,2001
LT10W/DOUBLE LIGHT  6.00 UNITS$18,000$18,0001
PAV1PAVING-ASPHALT  30000.00 S.F.$54,000$54,0004
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2026$16,154,400$2,910,400$19,064,800
2025$15,534,400$2,772,500$18,306,900
2024$15,603,500$2,187,900$17,791,400

Assessment
Valuation YearImprovementsLandTotal
2026$16,154,400$2,910,400$19,064,800
2025$15,534,400$2,772,500$18,306,900
2024$15,603,500$2,187,900$17,791,400

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