Office Unit in Business
For Sale
Contact for pricing
2 Shaker Rd Unit D102, Shirley, MA 01464
Office space within Phoenix Park’s restored mill complex, offered with a rate including base rent and CAM.
Property Size1,850 SF
Price / SF$0.01
Days on Market112
Property Features for 2 Shaker Rd Unit D102
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Commercial
Lease Type
Modified Gross
Building Details
Year Built
1890
Tenancy
Multi
Listing Agency:
The Lexvest Group
Listed By:
Charles Detwiller
(781) 862-4400
Source:
Lockandkeyre
Added: Jul 10
Changed: Oct 29
Last Checked: Oct 28 at 7:10AM
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 The Lexvest Group
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Investment Insights
Based on property information with market context.
This for-sale office unit, Unit D102, is located within Phoenix Park, a commercial business center serving Central Massachusetts. The property includes office options and light industrial manufacturing space, set on a 56-acre campus with a 300,000 SF restored mill complex.
The current listing terms show a rate of $16/RSF that includes base rent and CAM, plus utilities. Phoenix Park is described as hosting a strong on-campus business community with more than 70 companies, supporting a mix of established tenants.
Phoenix Park offers office space at a range of sizes, with rental space availability starting at 200 SF, providing flexibility for different office requirements within the same campus environment.
The current listing terms show a rate of $16/RSF that includes base rent and CAM, plus utilities. Phoenix Park is described as hosting a strong on-campus business community with more than 70 companies, supporting a mix of established tenants.
Phoenix Park offers office space at a range of sizes, with rental space availability starting at 200 SF, providing flexibility for different office requirements within the same campus environment.
Key Highlights
- Office space within Phoenix Park’s restored mill complex
- 56‑acre campus business center offering commercial lease options from office to light industrial
- 300,000 SF restored mill complex with historic charm and technology‑focused setting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,701
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,020
$1.2M
Cap Rate 7%
$838,586
$838.6K
Cap Rate 9%
$652,233
$652.2K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$100.3K $54.24/SF
− Vacancy
−$22.1K −$11.93/SF
EGI
$78.3K $42.31/SF
− OpEx
−$19.6K −$10.58/SF
NOI
$58.7K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,020
Cap Rate 7%
$838,586
Cap Rate 9%
$652,233
Alternative Uses
Best Use
Office B
$838.6K
$733.8K – $978.4K
NOI $58,701 @ 7.0% cap · market cap 366,881.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$958.3K – $1.28M
NOI $76,664 @ 7.0% cap · market cap 479,150.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 01464, MA
7,427
Population
2,512
Households
3
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
15.1 sq mi
ZIP Area
492
Density / Sq Mi
$121,875
Median Household Income
$73,721
Median Earnings
$1,189
Median Rent
$412,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office space within Phoenix Park’s restored mill complex, offered with a rate including base rent and CAM.
Where is this office unit located?
The property is located at 2 Shaker Rd Unit D102 Shirley, MA.
What are key features of this property?
This property features: Office space within Phoenix Park’s restored mill complex; 56‑acre campus business center offering commercial lease options from office to light industrial; 300,000 SF restored mill complex with historic charm and technology‑focused setting
