20,658 SF Flex Property For Sale - 226 Andover Street Wilmington, MA

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Video added by MANSARD | Date Uploaded: September 14, 2022 | Date Created: September 14, 2022

Description

Union Office renovated this 20,704 SF flex property in 2009 as its Boston market headquarters. Located .75 miles from Exit 41 at the 93/125 interchange, 226 Andover Street is offered free and clear of existing financing, three years of net lease weighted average lease term, and 4% annual rental rate growth. The property features two tailboard loading docs, one drive-in door, 16' clear height, and is 100% air-conditioned. In 2022, Union Office extended its lease showing an ongoing commitment to this headquarters location. Property Highlights: - 4% annual rental rate growth - 3 years of weighted average lease term - .75 miles from Exit 41 along Route 93 - High-occupancy asset class in an undersupplied market Want to learn more? https://masscommercialproperties.com/... Are you looking to sell your commercial real estate? ~~~~ Subscribe to MANSARD’s Youtube Channel: https://www.youtube.com/channel/UCGn7... ~~~~ Check Out Our Latest Video: https://www.tubebuddy.com/quicknav/la... ~~~~ Get Your Selling & Capital Gains Tax Guide: https://masscommercialproperties.com/... ~~~~ Want to know how to calculate commercial real estate value? https://masscommercialproperties.com/... ~~~~ Connect with MANSARD on LinkedIn: https://www.linkedin.com/in/jeremycyr... ~~~~ Follow MANSARD on Facebook: https://www.facebook.com/mansardcre 00:00 Introduction 00:53 Approaching the market 01:27 When buyers ask for extensions 02:34 What happens with the 3rd buyer


Categories:
Commercial Properties for Sale
Property Types:
Industrial, Office, Other, Mixed-Use: Industrial / Office
States:
MASSACHUSETTS
Regions:
Middlesex County
Cities:
Wilmington


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