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Prime Danvers Location near Rt 128 & I-95 5 Federal St 30,000 SF 100% Leased Office Building Danvers, MA 01923 For Sale
INVESTMENT HIGHLIGHTS
- Projected gross income: $630,000 annually
- Excellent access to Route 128/I-95
- Allows general and medical office uses
EXECUTIVE SUMMARY
5 Federal Street is a two-story, ±30,000 rentable square foot office building situated on 1.63 acres in Danvers, Massachusetts. Zoned Commercial C-3, the property allows for a broad range of general and medical office uses. The first floor is fully leased to Beth Israel Lahey Health, a nationally recognized healthcare provider and long-term tenant at the property since 2015. The second floor offers approximately 15,000 RSF of available space, ideal for owner-occupiers or investors seeking upside through lease-up.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
30,000 SF
Building Class
B
Year Built
1970
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,000 SF
Building FAR
0.37
Lot Size
1.85 AC
Zoning
C3
Parking
162 Spaces (5.4 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | DANV-000062-000000-000014D | Improvements Assessment | $2,973,400 |
| Land Assessment | $1,645,500 | Total Assessment | $4,618,900 |
PROPERTY TAXES
Parcel Number
DANV-000062-000000-000014D
Land Assessment
$1,645,500
Improvements Assessment
$2,973,400
Total Assessment
$4,618,900
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Prime Danvers Location near Rt 128 & I-95 | 5 Federal St
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