Freestanding Office-Flex
1 Connector Road Andover Andover, MA 01810
1 Connector Road Andover, Andover, MA, 01810
$2,495,000
For Sale
$2,495,000
Single-user office-flex with private offices, an 18-foot clear warehouse, and ample on-site parking.
Property Size7,571 SF
Price / SF$329.55
Days on Market47
Property Features for 1 Connector Road Andover
General Information
- Standard status
- Active
- Size
- 7,571 SF
Building Details
- Year Built
- 1980
Listing Agency
(508) 501-1443
Listed by
Brian Balestracci
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 4 Updated: Jul 10 at 1:49 pm Checked: Jul 20 at 1:58 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brian Balestracci
Investment Insights
Based on property information with market context.
This meticulously maintained free-standing office/flex building sits on 32,570 square feet of land. The configuration includes several private offices along with a dedicated warehouse space with 18-foot clear height. The exterior has been very well maintained and recently refurbished, and the property is supported by a state-of-the-art security system.
The building is located in close proximity to Route 93 and the Wilmington Industrial Park, supporting convenient access for business operations. On-site parking is available for 23 cars, and there is a dedicated outdoor area suitable for employee use.
Designed for a single user, this property offers a practical mix of work space and warehouse functionality under one roof. Tenants or owner-operators looking for private office environments alongside a moderately sized warehouse with meaningful ceiling height may find the layout and existing improvements align well with day-to-day operational needs.
The building is located in close proximity to Route 93 and the Wilmington Industrial Park, supporting convenient access for business operations. On-site parking is available for 23 cars, and there is a dedicated outdoor area suitable for employee use.
Designed for a single user, this property offers a practical mix of work space and warehouse functionality under one roof. Tenants or owner-operators looking for private office environments alongside a moderately sized warehouse with meaningful ceiling height may find the layout and existing improvements align well with day-to-day operational needs.
Key Highlights
- Free‑standing office/flex building on 32,570 SF of land, built in 1980
- Includes several private offices plus a 1,932 SF warehouse with 18‑foot clear height
- State‑of‑the‑art security system
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $345.2k | $45.60 |
| − Vacancy | −$63.9k | −$8.44 |
| EGI | $281.4k | $37.16 |
| − OpEx | −$70.3k | −$9.29 |
| NOI | $211.0k | $27.87 |
7,571 SF · lease $45.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.01M
$2.64M – $3.52M
NOI $211,026 @ 7.0% cap · market cap 8.46%
Second Best
Flex RnD
$1.89M
$1.65M – $2.20M
NOI $132,092 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$4.48M
$3.92M – $5.23M
NOI $313,740 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Minuteman Security and Life ...
Security Service
Secure Teq Corporation
Security Service
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FAQs
What type of property is this?
Flex space - Single-user office-flex with private offices, an 18-foot clear warehouse, and ample on-site parking.
Where is this flex space located?
The property is located at 1 Connector Road Andover Andover, MA.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Free‑standing office/flex building on 32,570 SF of land, built in 1980; Includes several private offices plus a 1,932 SF warehouse with 18‑foot clear height; State‑of‑the‑art security system
