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Government Office Building 33 Andrews Pky 22,052 SF 100% Leased Office Building Devens, MA 01434 $3,828,125 ($173.60/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased Two-Tenant Office Building | The office space is currently leased to Mass Development and the Devens Eco-Efficiency Center
- Proximity to Fort Devens Reserve Forces Training Area | This Office Building is adjacent to the Fort Devens
- Favorable Rental Increases | Effective May 1, 2027, MassDevelopment is scheduled for a 3.33% rent escalation
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a 2 Tenant Office Building located at 33 Andrews Parkway, Devens, MA 01434. The site consists of roughly 22,052 rentable square feet of building space. This Office Building has a weighted average lease term remaining of 4.4 years and the current annual rent is 326,095.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
22,052 SF
Building Class
B
Year Built
2000
Price
$3,828,125
Price Per SF
$173.60
Cap Rate
8%
NOI
$306,250
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,026 SF
Slab To Slab
12’
Building FAR
0.99
Lot Size
0.51 AC
Zoning
Business - Business
AMENITIES
- Controlled Access
- Conferencing Facility
- Food Service
- Car Charging Station
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Government Office Building | 33 Andrews Pky
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