76 Summer St Fitchburg, MA 01420

The property at 76 Summer Street in Fitchburg, MA, presents an opportunity to acquire a four-story, elevator-served, multi-tenant office building. The building has approximately 60,000 square feet of gross building area and approximately 40,000 square feet of net rentable space, situated on 2.29 acres. It is currently configured as a 68-suite professional office asset, accommodating a diverse tenant base ranging from small professional users to larger full-floor occupants. Suite sizes can be subdivided from approximately 94 square feet to 11,000 square feet, allowing the building to support a broad range of tenant requirements and enhancing leasing flexibility. The property is generating income while offering investors a path to value creation through lease-up of existing vacancy, mark-to-market rent growth, and operational efficiencies. With approximately 25% vacancy, the property provides upside and the opportunity to increase Net Operating Income through targeted leasing initiatives. Upon stabilization, the property is projected to achieve approximately $410,000 in annual NOI.