For Sale
$7,100,000
187 Lexington StWaltham, MA 02452
Prime Waltham location, 100% leased, strong NOI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 124
Highlights
- 100% leased to three diverse NNN tenants with a weighted average lease term exceeding five years, providing strong cash flow.
- Ideally located in a Greater Boston urban infill location, 9 miles west of Downtown Boston and within I-95's inner 128 beltway, with easy access to major highways.
- Features a "sticky" tenant, Interior Stone & Tile, occupying over 79% of the space and headquartered there for over 18 years in a custom-built space.
- High-quality flex building constructed in 2006, meticulously maintained and offering a versatile layout.
- Benefits from a strong Greater Boston industrial/flex market with a low 3.4% vacancy rate and average asking rents of $26.39/SF NNN in the 128 West submarket (Q2 2024).
Property Details for 187 Lexington St
- Property type
- Retail properties, Office properties
- Square Feet
- 22,926 SF
- Class
- B
- Year Built/Renovated
- 2006/2006
- Buildings
- 1
- Lot Size (sq. ft)
- 70,132 SF
Location Insight
- City
- Waltham
- County
- Middlesex
- State
- Massachusetts
- Latitude
- 42.383062748047
- Longitude
- -71.236648902231
187 Lexington St, Waltham, Massachusetts
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Prime Waltham location, 100% leased, strong NOI.
- Where is the retail property located?
- The property is located at 187 Lexington St Waltham, MA.
- What is the asking price?
- The asking price for this property is $7,100,000.
- What are key features of this property?
- This property features: 100% leased to three diverse NNN tenants with a weighted average lease term exceeding five years, providing strong cash flow.; Ideally located in a Greater Boston urban infill location, 9 miles west of Downtown Boston and within I-95's inner 128 beltway, with easy access to major highways.; Features a "sticky" tenant, Interior Stone & Tile, occupying over 79% of the space and headquartered there for over 18 years in a custom-built space.
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