Professional Office Condominium Suite
Office
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30856620 |
| Property Subtypes: |
Business Park, Office Building
|
| Status: |
Pending/Contingent |
| Condo? |
Yes |
| Building Size (RSF): |
2,304 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$325,000 |
| Ceiling: |
9 ft. |
| Property Use Type: |
Investment |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/27/2023 |
Overview / Comments
Offered for sale is this updated 2304+/-sf office condominium, consisting of a reception area, two private offices, a conference room, an open bullpen, and one private restroom with a shower. This suite is located on the second floor of a 9,216 +/- two-story free-standing commercial office building on 1.26 +/- acres, abutting conservation land. The nicely updated suite is serviced by economical natural gas heat, is 100% air-conditioned, and has private septic and water. The condominium has 46 onsite common shared parking spaces and the roof was re-shingled in 2020.
Located in the GB zone with access to I-495, US Routes 3 and 3A, and MA Route 129. Business neighbors include a UPS shipping hub, supermarket, bank, pharmacy, and more. Unit 4, also on the second floor and both spaces can be combined for a total of 4608sf.
All information was obtained from the seller and public records, prospective buyers are encouraged to perform due diligence in all aspects of a contemplated acquisition.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$5,295 (Annual) |
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Middlesex |
| Submarket Type: |
Suburban |
| Taxing Authority: |
City of Billerica, MA |
| Tax ID/APN: |
14806/212 |
| Is Condo?: |
Yes |
| Zoning: |
GB |
| Property Located Between: |
I-495 to Route 3 South, to Route 129 (Chelmsford Rd) East to Survey Circle |
| Property Visibility: |
Excellent |
| Highway Access: |
I-495 to Route 3 South, to Route 129 (Chelmsford Rd) East to Survey Circle |
| Airports: |
Boston Logan Airport and Manchester Boston Regional Airport |
| Area Description: |
Business neighbors include a UPS shipping hub, supermarket, bank, pharmacy, and more. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1987 |
| Year Renovated: |
2020 |
| Roof Type: |
Gable |
| Parking Type: |
Surface |
| Parking Description: |
46 onsite common shared parking spaces |
| Total Parking Spaces: |
46 |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable |
| Water Service: |
Well |
| Sewer Type: |
Septic |
| Easements: |
Other |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,204 |
55,515 |
204,508 |
| Median Age: |
41.08 |
40.49 |
38.25 |
| Households: |
1,439 |
20,319 |
74,193 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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