2-34 Andrews Pky - Storefront FOR SALE


Devens, MA 01434
$4,082,690 USD
617-865-1145
2-34 Andrews Pky, Devens, MA for Sale
$4,082,690 USD
Storefront - FOR SALE
1/2
null | 7.25% Cap Rate

2-34 Andrews Pky
Devens, MA 01434


HIGHLIGHTS

  • 100% Leased Strip Center | The subject property is a 100% leased nine-unit strip center. The weighted average lease term remaining is 5.83 years
  • Strong Rental Increase Structures | The tenants within the strip center have attractive rent escalations, enhancing long-term income growth.
  • Proximity to Fort Devens Reserve Forces Training Area

OVERVIEW

Surmount is pleased to present the exclusive listing for the Devens Strip Center located at 6-28 Andrews Parkway, Devens, MA 01434. The site consists of roughly 18,358 rentable square feet of building space. This strip center has an average weighted lease term of over 5.8 years and the current annual rent is $399,623 with strong rental increases throughout the base term and option periods.

FOR SALE DETAILS

PRICE

$4,082,690 USD

PRICE/SF

$85 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Devens Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Josh KanterNNN Pro GroupMore Info
617-865-1145

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Josh KanterNNN Pro GroupMore Info
617-865-1145

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