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Commercial Investment Property For Sale 630 Boston Road, Billerica, MA

Boston's commercial real estate market is one of the strongest in the nation and continued to thrive and expand throughout 2018. Included in this growth were small to mid-sized office buildings located just outside dense urban centers.

According to Transwestern's annual commercial real estate market report on office space [Feb.2018], vacancy rates were down to near record lows and tenant activity and leasing fundamentals were strong. So far, this trend is continuing into 2019.

What does this mean for commercial building owners?

Greater opportunity for full-occupancy and higher lease rates.

630 Boston Road, Billerica, Massachusetts

FOR SALE

The 50,000 +/- square foot office building known as 630 Boston Road, Billerica Massachusetts is currently for sale for $2,450,000.

This four-story, 15-unit building offers the best of both worlds when it comes to commercial real estate - OFFICE + GARAGE/STORAGE.

With an assessed value of $2,734,000 and current annual rental income of approximately $274,000, this multi-tenant building is certainly an investment to consider.

Would you like to learn more?

Modern Office Space

At 630 Boston Road, tenants enjoy quiet, carpeted suites that fit their business - whether they prefer private work space or open collaboration. Large, windows let in lots of natural light and an elevator and open center staircase allow easy access to all four levels.

Garage & Storage Space

The lower level garage space, accessible from the rear of the building, consists of 8,584 +/- sf. Here, you'll find three 12-foot high, drive-in doors and access to two of the four, separate, outdoor parking areas.

A mezzanie level, accessible from the right side of the building, features one 14-foot high, ground-level loading door, open storage space, and access to its own separate parking area.

Parking

The property at 630 Boston Road has approximately 90 parking spaces and multiple parking areas:

  1. The upper level parking area at the front of the building is spaced for approximately 55 cars.
  2. The mezzanine level to the side has approximately 11 spaces.
  3. The rear of the building has a paved area by the 3 garage doors and
  4. A more private parking area surrounded mostly by greenery (total 26 spaces).
  5. And there is a lower level garage.

Occupancy

Currently, 10 existing tenants in the medical, legal, consulting, fitness, and business services industries occupy approximately 34,457 sf and produce approximately $274,000 in annual rental income.

An additional 12,691 +/- sf (3 Office Units at 1,936 +/- sf, 2,171 +/- sf, and 2,800 +/- sf and an 8,584 +/- sf Garage) is currently available to owner-occupy or lease. The lower level garage was built for parking to service the rest of the building, but is currently being used as storage.

Electric and gas are separately metered for each office unit.

Assessment

Location

Conveniently located on Route 3A, 630 Boston Road in Billerica, Massachusetts is on a highly travelled, main road leading from Burlington to Chelmsford. Highway Route 3 is approximately 2.5 miles and Routes 495 and 128/95 are each approximately 6 miles north and south.

When you arrive, you'll find 90-96 free, on-site parking spaces.

Local amenities within 1 mile include restaurants, coffee shops, financial services, retail shopping, medical offices, and gas stations.

For More Information

For more information or to schedule a tour, contact:

Edward Carbone, CCIM

Carbone Commercial Real Estate, Inc.

Office 781-935-5444

Edward@CarboneRE.com

CarboneRE.com

Credits:

Vicki Carbone-Blazejowski / Carbone Commercial Real Estate, Inc.

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