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Route 128 I2 Zoned Office/Flex (29153936) 4 Preston Ct 24,360 SF 81% Leased Office Building Bedford, MA 01730 $5,295,000 ($217.36/SF)

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INVESTMENT HIGHLIGHTS

  • Value Add or Owner User Opportunity
  • Nearby Amenities Include Wholefoods, Bruegger's, CVS, Starbucks
  • 35 Minute Drive to Boston
  • Phenomenal Access to Skilled Employee Pool
  • 90 On-Site, Surface Parking Spaces

EXECUTIVE SUMMARY

This 24,751 +/- SF favorable investment opportunity is strategically located in the IND-B section, near Lexington's Hartwell Avenue. The building boasts two-floors of multi-tenant flex space serviced by a 4,500 lb capacity passenger/freight elevator, providing flexibility for uses such as office, R&D, lab, biotech, and light manufacturing.
A major advantage of this location is its proximity to a pool of skilled white-collar employees. Within a 3-mile radius, there are approximately 16,053 highly skilled professionals, presenting a powerful workforce for businesses in the area. Notable neighbors include industry giants like Thermo Fisher Scientific, Stoke, Diversified Technologies, Cubic PV, and UCB, which further enhances the property's appeal.
Beyond its excellent location and neighbors, the property is surrounded by conservation land, offering a pleasant environment for employees and visitors.
A major advantage of this location is its proximity to a pool of skilled white-collar employees. Within a 3-mile radius, there are approximately 16,053 highly skilled professionals, presenting a powerful workforce for businesses in the area. Notable neighbors include industry giants like Thermo Fisher Scientific, Stoke, Diversified Technologies, Cubic PV, and UCB, which further enhances the property's appeal.
Beyond its excellent location and neighbors, the property is surrounded by conservation land, offering a pleasant environment for employees and visitors. It also benefits from its proximity to the Minuteman Bike Path and Hanscom Air Force Base. Access to major routes, such as Routes 2 & 3, 128, and 225.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
24,360 SF
Building Class
B
Year Built/Renovated
1974/1999
Price
$5,295,000
Price Per SF
$217.36
Percent Leased
81%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,180 SF
Slab To Slab
11’
Building FAR
0.41
Lot Size
1.38 AC
Zoning
IND - IND-B Zoning
Parking
90 Spaces (3.69 Spaces per 1,000 SF Leased)

AMENITIES

  • Security System
  • Kitchen
  • Central Heating
  • Fully Carpeted
  • Recessed Lighting
  • Yard
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 1,545-15,000 SF
  • Office
  • Full Build-Out
  • 120 Days

Rent is full service gross including utilities, net of interior cleaning.

  • 1st Fl-Ste 1
  • 1,545-4,700 SF
  • Office
  • -
  • Now

4,700 SF available on the first floor of this IND-B zoned office/flex building located near Hartwell Avenue in Lexington, MA. 4 Preston is a renovated office/flex building featuring surface parking of 3.64:1,000, 4,500 lb capacity passenger/freight elevator, and modern common areas. Rent is full service gross including utilities, net of interior cleaning.

Space Size Space Use Condition Available
1st Floor 1,545-15,000 SF Office Full Build-Out 120 Days
1st Fl-Ste 1 1,545-4,700 SF Office - Now

1st Floor

Size
1,545-15,000 SF
Space Use
Office
Condition
Full Build-Out
Available
120 Days

1st Fl-Ste 1

Size
1,545-4,700 SF
Space Use
Office
Condition
-
Available
Now

1st Floor

Size 1,545-15,000 SF
Space Use Office
Condition Full Build-Out
Available 120 Days

Rent is full service gross including utilities, net of interior cleaning.

1st Fl-Ste 1

Size 1,545-4,700 SF
Space Use Office
Condition -
Available Now

4,700 SF available on the first floor of this IND-B zoned office/flex building located near Hartwell Avenue in Lexington, MA. 4 Preston is a renovated office/flex building featuring surface parking of 3.64:1,000, 4,500 lb capacity passenger/freight elevator, and modern common areas. Rent is full service gross including utilities, net of interior cleaning.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
BEDF-000072-000000-000015-A000000
Land Assessment
$882,800
Improvements Assessment
$3,317,600
Total Assessment
$4,200,400
  • Listing ID: 29153936

  • Date on Market: 8/1/2023

  • Last Updated:

  • Address: 4 Preston Ct, Bedford, MA 01730

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