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Lab-Ready Flex Space
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600 Federal St, Andover, MA 01810

Lab-ready flex building with two loading bays and a dedicated service elevator for lab-heavy tenant fit.

Property Size31,883 SF
Days on Market1257

Property Features for 600 Federal St

General Information

Standard status Active
Size 31,883 SF
Property subtype OFFICE

Site & Location

Highway Access Yes
Road Access Yes
Listing Agency: CBRE | Boston
Listed By: Brian McKenzie
Source: Moodyscre
Added: Feb 20, 2023 Changed: Jul 30 Last Checked: Jul 30 at 8:08PM

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 CBRE | Boston

Investment Insights

Based on property information with market context.

600 Federal St is a lab-ready flex space on a 31,883 SF base building footprint. Base building lab conversion and common area upgrades are underway, with features designed to support lab and office occupancy.

The building includes two loading bays and a dedicated service elevator with 3,000 lb capacity. A new centralized pH neutralization system and new common area chemical storage are planned/underway as part of the lab infrastructure improvements.

Mechanical, electrical, and power systems are specified for a 60/40 lab/office ratio, including HVAC designed for 60/40 lab/office with 1.75 CFM/usf over lab and 1 CFM/usf over office, electric designed for 60/40 lab/office with 15.5 watts/usf over lab and 12 watts/usf over office, and standby power of 5 watts/sf over lab space. The property also has a new boiler plant featuring (2) 2,500 MBH gas fire condensing boilers, and potential for approximately 30k RSF high bay expansion.

Key Highlights

  • 31,883 SF lab‑ready flex building with base building lab conversion underway
  • Two loading bays and dedicated service elevator (3,000 lb capacity)
  • New centralized pH neutralization system and new common area chemical storage

Property Analytics

Current Use

CGI Business Management Consultant Hyland Software Inc. (Bike/Boat/Book/etc) Store Polycom Industrial Manufacturer Wright-Pierce Engineering Consultant Watts Water Technologies ... Corporate Office

Suggested Use

Top Pick Building Supply Parking Lot & Garage Law Firm Electrical Service Nail Salon Auto Repair Shop

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

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

94
Businesses Nearby
Balanced
Demand for This Use

Demographics for 01810, MA

35,621
Population
13,803
Households
2.6
Avg Household Size
43
Median Age
75%
College-Educated
97%
High-School Grad
30.5 sq mi
ZIP Area
1,168
Density / Sq Mi
$167,591
Median Household Income
$86,838
Median Earnings
$2,046
Median Rent
$813,800
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 - Lab-ready flex building with two loading bays and a dedicated service elevator for lab-heavy tenant fit.
Where is this flex space located?
The property is located at 600 Federal St Andover, MA.
What are key features of this property?
This property features: 31,883 SF lab‑ready flex building with base building lab conversion underway; Two loading bays and dedicated service elevator (3,000 lb capacity); New centralized pH neutralization system and new common area chemical storage
(617) 447-1376 Call to check price and availability
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