For Sale
$2,395,000

692 High StWestwood, MA 02090

High-yield NNN leased office building.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a two-story, 3,828 square foot Class B office building situated on a desirable 0.24-acre corner lot in Westwood, MA (02090). The property boasts a prime location at 692 High Street, offering excellent visibility and convenient access to I-95/Rt-128. Currently 100% occupied by a national tenant (Coldwell Banker) under a Net Lease agreement expiring August 31, 2025, this single-tenant property provides a stable income stream with a remaining lease term of approximately 0.8 years. The building features 10 parking spaces and a large basement, adding to its functionality and appeal. With a strong Net Operating Income (NOI) of $162,000 and an attractive cap rate of 6.76%, this property offers a compelling return on investment. The asking price is $2,395,000, translating to a price per square foot of $625.65. Surrounded by high-end residential properties and other established businesses, this location offers significant potential for long-term growth and appreciation. The property's size and location make it an ideal investment for both passive income generation and future development possibilities. This is a rare opportunity to acquire a well-located, income-producing asset in a thriving Massachusetts community.

Highlights

  • Class B, 3,828 SF office building on a 0.24-acre corner lot in Westwood, MA.
  • Prime location at 692 High Street with excellent I-95/Rt-128 access.
  • 100% occupied by Coldwell Banker under a Net Lease expiring August 31, 2025 (approx. 0.8 years remaining).
  • Features 10 parking spaces and a large basement.
  • $2,395,000 asking price, $625.65/SF, $162,000 NOI, 6.76% cap rate.

Property Details for 692 High St

Property type
Office properties
Square Feet
3,828 SF
Class
B
Buildings
1
Stories
2
Lot Size (sq. ft)
10,454 SF
Units
1

Location Insight

City
Westwood
County
Norfolk
State
Massachusetts
Latitude
42.2211351
Longitude
-71.2102024
692 High St, Westwood, Massachusetts

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
692 High St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message