Office•Office Building•For Sale

Value Add Office Property - $83K NOI

630 Park Street, Stoughton, Massachusetts 02072

Sale Price Market
Bldg Type Multi-Tenant
Class B
Status Existing
Year Built 1900
Stories 3
Vacancy 75%
Gross Bldg 15,930 SqFt
RBA 15,930 SqFt
Land Area 1.85 Acres
MANSARD has been hired to facilitate the sale of 630 Park Street in Stoughton, MA. This 15,930 SF office property is a three-story building situated on 1.85 acres. The professional lobby features double glass doors, a reception area and an oak and glass atrium overlooking the entrance. Throughout the building there are 49 private offices, multiple conference rooms and two kitchen/break rooms. The property is approximately 84% leased to a wide variety of strong tenants. In addition to the leasable area, there has been discussion of a sale leaseback of the 5,310+/- SF basement which is currently being used to store equipment. There is significant upside potential for the next owner/investor to grow the rent roll. 630 Park Street has been well maintained, is fully sprinklered, features a security system, an elevator and more. The building is ADA compliant and handicap accessible. Stoughton, MA is located in Norfolk county, approximately 17 Miles from Boston, MA. The property is located just 3 minutes from the Stoughton Commuter Line. With 28,950 people, Stoughton is the 63rd most populated city in the state of Massachusetts out of 351 cities.
  • 84%+/- leased office property
  • Potential sale leaseback of 5,310+/- SF basement
  • Parking for 100+ cars
  • 45 restaurants within 2 mile radius
  • Traffic Count of 16,751+/- vehicles per day
8/14/2019 6:09:24 PM 8/14/2019 6:32:16 PM
Jeremy Cyrier, CCIM
Strategic Investment Sales Advisor
Mansard

LEAVE A MESSAGE

0/100
Human? type 946 below...
dummy toaster to trick _toastr script loaded by scripts.js Show Default