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Office-Forward Flex Space
New
For Lease
$14.50 SF/Yr

F-85 Flagship Dr., North Andover, MA 01845

The suite pairs dock-served warehouse space with a substantial renovated office component.

Space Size7,564 SF
Days on Market6

Property Features for F-85 Flagship Dr.

General Information

Standard status Active
Size 7,564 SF
Net Rentable 7,564 SF

Space & Availability

Available Space 7,564 SF
Contiguous Space 7,564 SF
Space Use Flex

Warehouse & Industrial

Clear Height 20 ft
Warehouse Space 1,342 SF
Office Build-Out 6,222 SF

Taxes and HOA fees

Annual Taxes $18,864
Listing Agency: Nordlund Associates
Listed By: Chris Everest · License #053563
Source: Exprealty
Added: Sep 21 Changed: Sep 24 Last Checked: Sep 24 at 2:24PM

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 Nordlund Associates

Investment Insights

Based on property information with market context.

This 7,564-square-foot flex/industrial suite in North Andover includes 6,222 square feet of office area and 1,342 square feet of warehouse space. More than 6,200 square feet of office space has been renovated. The warehouse area has loading dock access and 18–20-foot clear height.

Key Highlights

  • 7,564+/- square feet of flex/industrial space
  • 6,222 square feet of office and 1,342 square feet of warehouse area
  • 6,200+/- square feet of newly renovated office space

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Storage Facility

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

20 ft
Clear height
NNN (Triple Net)
Lease Type
$2.18 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

626
Businesses Nearby
Balanced
Demand for This Use

Demographics for 01845, MA

31,855
Population
12,010
Households
2.7
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
26.4 sq mi
ZIP Area
1,207
Density / Sq Mi
$134,319
Median Household Income
$64,592
Median Earnings
$2,113
Median Rent
$670,000
Median Home Value

Market

Lease Benchmarks for North Andover, MA

$20.64 /SF/Yr
Avg Asking Price
$14–$48 /SF/Yr
Price Range
5,958 SF
Avg Space Size

This space is priced 30% below the average of $20.64 /SF/Yr.

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - The suite pairs dock-served warehouse space with a substantial renovated office component.
Where is this flex space located?
The property is located at F-85 Flagship Dr. North Andover, MA.
What is the lease rate?
The lease rate is $14.50 SF/Yr.
What are key features of this property?
This property features: 7,564+/- square feet of flex/industrial space; 6,222 square feet of office and 1,342 square feet of warehouse area; 6,200+/- square feet of newly renovated office space
More about this property
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