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.
- 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.