176 Second Ave - Office FOR SALE


Waltham, MA 02451- West End Waltham | 
$5,000,000 USD
332-345-2408
176 Second Ave, Waltham, MA for Sale
$5,000,000 USD
Office - FOR SALE
1/3
null | 6.75% Cap Rate

176 Second Ave
Waltham, MA 02451
West End Waltham


HIGHLIGHTS

  • 20+ Year Operating History | 5-Year Extension with 25% Rental Increase
  • Affluent Demographics Support Long-Term Childcare Demand
  • Strategic Location Immediately off Interstate 95/Route 128
  • Located Within Greater Boston s Premier Employment Corridor
  • Surrounded by National Retailers and Major Traffic Drivers
  • Proximity to Leading Colleges, Schools and Healthcare Institutions

OVERVIEW

SURMOUNT is pleased to present the exclusive listing of the Bright Horizons property located at 176 2nd Avenue in Waltham, Massachusetts. The property consists of approximately 13,500 rentable square feet situated on an estimated 0.97-acre parcel. Bright Horizons has operated out of this location since September 2005 and recently exercised a five-year lease extension through February 29, 2032. Current annual rent is $270,000 and will increase by 25% to $337,500 on March 1, 2027. The remaining renewal option provides for rent equal to 95% of fair market value.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$370 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bright Horizons

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

COMM, Waltham

APN/PARCEL ID

WALT-000039-000002-000002

ASK ABOUT THIS PROPERTY

Stewart HickeySurmountMore Info
332-345-2408

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Stewart HickeySurmountMore Info
332-345-2408

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.