109-123 Highland Avenue

Needham, MA

For Sale
 

Type: Suburban Office
Property Details: Building Size: 22,447 SF
Land Area: 0.67 Acres
Parking: 53 Spaces

Brochure

Execute CA

 

STABILIZED OFFICE BUILDING

This 22,447 ± square foot fully stabilized, multi-tenanted office building is located in the highly coveted N2 Corridor.

109–123 Highland Avenue has benefited from a recent capital improvement project including: paving of the parking lot, new windows, new glass spandrels, exterior lighting, paint, parcel division fencing and landscaping. Internal common area improvements include new lighting, paint, carpet and a new accessible rear corridor entrance.

With several renewal and new leases having been consummated, many of the suites have seen recent upgrades as well. The asset provides investors with a rare opportunity to own a stabilized office building in a submarket with some of the strongest fundamentals in Eastern Massachusetts.

For more information, please visit 109-123Highland.com or directly execute the Confidentiality Agreement

Investment Highlights

  • Recent Renovations
    Parking lot paving, windows, glass spandrels, exterior lighting, common area improvements and rear corridor entrance.
  • Discount to Replacement Costs
    The size, location, and significant discount to replacement cost ensure continued long term value for a new owner.
  • Long-term Exit Strategy
    Sandwiched in between the Petco/Staples Plaza and TD Bank North, 109–123 Highland Avenue is a retail redevelopment opportunity.

Location & Information

109-123highland8
 

Type: Suburban Office
Property Details: Building Size: 22,447 SF
Land Area: 0.67 Acres
Parking: 53 Spaces

Brochure

Execute CA