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    500 Cummings Ctr Beverly, MA 01915

    Sponsored
    For Lease
    Contact for pricing

    Class A Office Space, Essex County

    Lot size:
    323,765 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 323,765 square foot Class A office building, constructed in 2003, presents a unique investment opportunity in Essex County. The property offers flexible space options, ideal for both executive and medical office uses. Multiple tenancies are available, with a minimum divisible space of 981 square feet and a maximum contiguous space of 18,121 square feet. Currently, there are 50,282 square feet of vacant space ready for immediate occupancy. The building's modern design and prime location make it an attractive option for businesses seeking high-quality office accommodations. Its versatile layout caters to a range of needs, from small executive suites to larger medical practices. The building's Class A designation reflects its superior construction, amenities, and overall quality. With its strategic location in Essex County and its adaptable space configurations, this property offers significant potential for growth and profitability. Nine spaces are currently available, providing a diverse selection to suit various business requirements. This is an unparalleled opportunity to secure premium office space in a thriving market. Contact us today to learn more about leasing options and explore the possibilities this exceptional property offers.

    Property Features for 500 Cummings Ctr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    323,765 SF
    Class
    A

    Building Details

    Year Built
    2003

    Unit(s) available at that property

    Space
    6th / Suite 6400
    Size
    2,412 SF
    Space
    P 3rd / Suite 3500
    Size
    8,185 SF
    Space
    P 3rd / Suite 3500 & 3800
    Size
    18,121 SF
    Space
    P 3rd / Suite 3800
    Size
    9,936 SF
    Space
    P 4th / Suite 4500
    Size
    5,528 SF
    Space
    P 5th / Suite 5700
    Size
    2,075 SF
    Space
    P 1st / Suite 1350
    Size
    1,314 SF
    Space
    P 1st / Suite 1650
    Size
    1,730 SF
    Space
    P 1st / Suite 1640
    Size
    981 SF

    HighLights

    • Class A office building totaling 323,765 square feet.
    • Multiple tenancy available in Essex County.
    • Built in 2003.
    • 981 square feet minimum divisible space; up to 18,121 contiguous square feet available.
    • 50,282 square feet of vacant space currently available.
    • Suitable for executive and medical office uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beverly
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8889812
    Latitude
    42.5630303

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    FAQs

    What type of property is this?
    Medical office - Class A Office Space, Essex County
    Where is this medical office located?
    The property is located at 500 Cummings Ctr Beverly, MA.
    What are key features of this property?
    This property features: Class A office building totaling 323,765 square feet.; Multiple tenancy available in Essex County.; Built in 2003.
    Request Owner's contact information
    500 Cummings Ctr Beverly, MA 01915
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    Beverly, MA 01915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Cummings Ctr Beverly, MA 01915
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