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Flex Space with Second-Floor Office
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150 Eastern Ave, Chelsea, MA 02150

Multipurpose flex facility combining industrial/R&D space with second-floor office space.

Property Size3,358 SF
Days on Market959

Property Features for 150 Eastern Ave

General Information

Standard status Active
Size 3,358 SF
Property subtype INDUSTRIAL

Additional Details

Space Use Warehouse
Office Build-Out 23,000 SF

Building Details

Year Built 1987
Listing Agency: Cushman & Wakefield | Boston
Listed By: Scott Gredler
Source: Moodyscre
Added: Dec 15, 2023 Changed: Jul 30 Last Checked: Jul 30 at 11:28PM

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 Cushman & Wakefield | Boston

Investment Insights

Based on property information with market context.

Multipurpose flex space warehouse facility offering industrial/R&D space plus dedicated office on the second floor. The building includes 47,000 square feet of industrial/R&D space and 23,000 square feet of second floor office space, supporting a range of operations that need both production and workplace environment.

Built in 1987, the property is suited for tenants seeking a flexible layout that can accommodate manufacturing, distribution, testing, or light industrial uses alongside office needs.

The configuration supports day-to-day work within the industrial/R&D areas while keeping office functions on a separate second-floor level.

Key Highlights

  • 47,000 SF industrial/R&D space
  • 23,000 SF second‑floor office space
  • Multipurpose flex warehouse facility

Property Analytics

Current Use

Prosper-IT Tech Support Center Kuehne & Nagel Freight Service Radius International Inc Freight Service ICG Worldwide Freight Service Woodland Group Ltd Freight Service

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Auto Parts Store HVAC Service Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

1,418
Businesses Nearby
Under-served
Demand for This Use

Demographics for 02150, MA

40,721
Population
14,162
Households
2.9
Avg Household Size
34
Median Age
22%
College-Educated
69%
High-School Grad
2.2 sq mi
ZIP Area
18,510
Density / Sq Mi
$72,122
Median Household Income
$41,046
Median Earnings
$1,861
Median Rent
$476,500
Median Home Value

Market

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
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Frequently Asked Questions

What type of property is this?
Flex space - Multipurpose flex facility combining industrial/R&D space with second-floor office space.
Where is this flex space located?
The property is located at 150 Eastern Ave Chelsea, MA.
What are key features of this property?
This property features: 47,000 SF industrial/R&D space; 23,000 SF second‑floor office space; Multipurpose flex warehouse facility
(617) 204-5975 Call to check price and availability
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