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100 Summit St 10,364 SF 100% Leased Office Building Peabody, MA 01960 For Sale
Investment Highlights
- Fully leased to sticky credit tenant with 6 years of remaining lease term
- Functional and well-maintained asset with flexible, open, floor plates
- Wealth of area amenities and desirable demographics
- Strong in-place financial stability
- Strategic location directly off Route 128, within easy access to Interstate 95 and Route 1
Executive Summary
As exclusive listing agent, Hunneman is pleased to present 100 Summit Street, a ±10,364 SF premier office/flex facility in Peabody, MA. This offering presents investors with the opportunity to acquire a well-located office/flex asset delivering stable in-place cash flow with future upside potential.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
10,364 SF
Building Class
B
Year Built/Renovated
1979/1986
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,182 SF
Slab To Slab
14’5”
Building FAR
0.17
Lot Size
1.36 AC
Zoning
R1A - Office , flex , warehouse , assembly, 600 amp service
Parking
42 Spaces (4.05 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Kitchen
- Bicycle Storage
- High Ceilings
- Partitioned Offices
- Reception
- Air Conditioning
- Balcony
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Property Taxes
| Parcel Number | PEAB-000082-000000-000013 | Improvements Assessment | $315,700 |
| Land Assessment | $594,000 | Total Assessment | $909,700 |
Property Taxes
Parcel Number
PEAB-000082-000000-000013
Land Assessment
$594,000
Improvements Assessment
$315,700
Total Assessment
$909,700
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100 Summit St
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