Building Details

Year Built 1981

Listing Agency: 128 CRE j***@greatrock.com Show Phone

Listed By: Jeremy Freid · License #9089542-RE-B

Source: Corcoran

Added: Feb 29, 2024 Changed: Aug 8 Last Checked: Aug 8 at 12:03PM

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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 128 CRE

Investment Insights

Based on property information with market context.

Office spaces are available for rent on the second and third floors. The second-floor office space offers 7,000 square feet, while the third-floor office space provides 19,595 square feet. The property has a total size of 26,595 square feet and is located at 81 Hartwell Avenue, Lexington, MA 02421.

Key Highlights

• Third floor office space offering 19,595 SF.
• Second floor office space with 7,000 SF.
• Office space available.

Property Analytics

Property Profile

Current Use

Nightstar, Inc. Corporate Office Vanu Inc (Bike/Boat/Book/etc) Store Upper Charles Law ... Law Firm Andrew Marquis at CrossCountry ... Loan Service Equinox Group Physician

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Spa & Massage Center Pharmacy HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$4.50 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

410

Businesses Nearby

Explore this area Business Placement

Demographics for 02421, MA

18,950

Population

6,913

Households

2.7

Avg Household Size

45

Median Age

85%

College-Educated

97%

High-School Grad

9.6 sq mi

ZIP Area

1,974

Density / Sq Mi

$212,843

Median Household Income

$125,199

Median Earnings

$2,847

Median Rent

$1,147,700

Median Home Value

Market

Lease Benchmarks for Lexington, MA

$26.54 /SF/Yr

Avg Asking Price

$14.11–$38.02 /SF/Yr

Price Range

6,949 SF

Avg Space Size

This space is priced 13% above the average of $26.54 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office spaces available on second and third floors for rent.

Where is this office units located?

The property is located at 81 Hartwell Avenue Lexington, MA.

What is the lease rate?

The lease rate is $30 SF/Yr.

What are key features of this property?

This property features: Third floor office space offering 19,595 SF.; Second floor office space with 7,000 SF.; Office space available.