306 Washington Street, Norwell

306 Washington St, Norwell, MA

$2,200,000

Price

5.53%

Cap Rate

$121,596.36

NOI

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Street
Map
Overview
Cap Rate
5.53%
NOI
$121,596.36
Building Size
11,307 sqft
Lot Area
1.63 acres
Class
B
Occupancy
100%
Units
5
Year Built
1985
Floors
2
Description

Prominently located free-standing office building on Route 53 in Norwell available for sale. Building is currently 100% occupied with stable long term tenants making this an excellent investment opportunity in a supply constrained market. For owner-occupants, up to 3400 square feet can be immediately made available. Building offers outstanding presence with an oversized pylon sign which sees more than 12,000 vehicle per day traffic counts. Ample parking ratio of over 4.5 spaces per 1000 square feet.

306 Washington St, Norwell

Highlights
  • Outstanding visibility and signage
  • Well maintained asset - no deferred maintenance
  • Mix of office, medical, and retail tenants - highly recession resistant mix
  • Ideal owner-occupant opportunity with ability to scale business over time
Documents
Location
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