Professional Office Condominium Suite For Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30856623
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 2,304 SF
Gross Building Area: See Agent
Sale Price: $325,000
Unit Price: $141.06 PSF
Ceiling: 9 ft.
Property Use Type: Investment
Building Name: Unit 4
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/27/2023

Overview / Comments

Offered for sale is this 2304+/-sf office condominium, consisting of three private offices, two large office bullpens, and a large kitchen/ dining area. 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 two common area restrooms, 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. Suite 3, 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
Tax ID/APN: 14-63-1-MU
Zoning: GB
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
Site Description: Business neighbors include a UPS shipping hub, supermarket, bank, pharmacy, and more.
Area Description: Business neighbors include a UPS shipping hub, supermarket, bank, pharmacy, and more.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,304 SF
Year Built: 1987
Year Renovated: 2020
Parking Type: Surface
Total Parking Spaces: 46
Heat Type: Natural Gas
Air Conditioning: Other
Water Service: Other
Sewer Type: Septic
Easements: Other

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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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