Building Details

Year Built 1983

Listing Agency: CRG Commercial Show Phone

Listed By: John Nachtwey Show Phone

Source: Elliman

Added: Apr 24 Changed: Aug 8 Last Checked: Aug 12 at 6:04AM

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Investment Insights

Based on property information with market context.

This is a 6-room corner office located on the first floor. The lease is gross, and parking is included. The bike score is 48, indicating it is somewhat bikeable. The walk score is 64, suggesting it is somewhat walkable. The transit score is 29, indicating some transit options are available.

Key Highlights

• Corner office location.
• Spacious 6 room office space.
• Convenient 1st floor location.

Property Analytics

Current Use

Office Units

Lease Details

NNN (Triple Net)

Lease Type

$3.75 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,461

Businesses Nearby

Explore this area Business Placement

Demographics for 02494, MA

10,732

Population

4,254

Households

2.5

Avg Household Size

43

Median Age

75%

College-Educated

95%

High-School Grad

2.8 sq mi

ZIP Area

3,833

Density / Sq Mi

$173,750

Median Household Income

$92,148

Median Earnings

$2,452

Median Rent

$1,052,400

Median Home Value

Market

Lease Benchmarks for Needham, MA

$30.65 /SF/Yr

Avg Asking Price

$22.8–$72 /SF/Yr

Price Range

3,942 SF

Avg Space Size

This space is priced 18% below the average of $30.65 /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

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Frequently Asked Questions

What type of property is this?

Office units - Six-room corner office available for rent with parking included.

Where is this office units located?

The property is located at 400 Hillside Av 8 Needham, MA.

What is the lease rate?

The lease rate is $25 SF/Yr.

What are key features of this property?

This property features: Corner office location.; Spacious 6 room office space.; Convenient 1st floor location.