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Office

230 Second Ave

230 2nd Ave, Waltham, MA 02451

Listing Price: $3,600,000

Cap Rate
7.03%
Gross SF
16,637
Rentable SF
16,637
Price/Gross SF
$216.39
Lot Size
1.60 acres
Year Built
1985

Investment Overview

Marcus & Millichap is marketing for sale the first-floor office condominium consisting of six demised tenant office suites ranging in size from 796 square feet to 6,299 square feet for a total of 16,637 rentable square feet. This Class B office asset has a proven track record of near zero vacancy and benefits from its ideal location and ability to draw and retain tenants looking for an A location at B rental rates. The condominium is part of an association of four commercial units situated on approximately 1.6 acres with 249 feet of frontage directly on Route 128. The asset is well located only two minutes off Route 128 and approximately two miles from both Route 2 and the Massachusetts Turnpike. Additionally, the condominium includes signage rights on the building, facing Route 128.

Investment Highlights

  • 100% Occupied Office Condo
  • Six Demised Tenant Office Suites
  • Class B Office Asset with Proven Track Record of Near Zero Vacancy

Exclusively Listed By

Financing By

Office

230 Second Ave

Listing Price: $3,600,000

Cap Rate
7.03%
Gross SF
16,637
Rentable SF
16,637
Price/Gross SF
$216.39
Lot Size
1.60 acres
Year Built
1985

Investment Highlights

  • 100% Occupied Office Condo
  • Six Demised Tenant Office Suites
  • Class B Office Asset with Proven Track Record of Near Zero Vacancy

Investment Overview

Marcus & Millichap is marketing for sale the first-floor office condominium consisting of six demised tenant office suites ranging in size from 796 square feet to 6,299 square feet for a total of 16,637 rentable square feet. This Class B office asset has a proven track record of near zero vacancy and benefits from its ideal location and ability to draw and retain tenants looking for an A location at B rental rates. The condominium is part of an association of four commercial units situated on approximately 1.6 acres with 249 feet of frontage directly on Route 128. The asset is well located only two minutes off Route 128 and approximately two miles from both Route 2 and the Massachusetts Turnpike. Additionally, the condominium includes signage rights on the building, facing Route 128.

Exclusively Listed By

Financing By

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