187 Lexington St, Waltham, MA 02452

This exceptional investment opportunity presents a fully leased, 22,926-square-foot flex building situated on a 1.61-acre lot in Waltham, Massachusetts. The Class B property, constructed in 2006 and renovated the same year, boasts a 100% occupancy rate with three tenants under NNN leases. The weighted average remaining lease term is 5.2 years, generating a strong NOI of $520,306 and a 7.33% cap rate. The building features a desirable mix of warehouse and flex space, totaling 22,926 net rentable square feet, with ceiling heights ranging from 17 to 23 feet. Three loading docks and 44 parking spaces cater to tenant needs. Located in a prime urban infill location, the property benefits from convenient access to major transportation arteries, including Interstate 95 and the Massachusetts Turnpike, providing easy access to Boston's urban core. The permitted commercial zoning (C) allows for diverse uses. This stabilized investment offers a compelling opportunity for long-term growth and consistent cash flow in a highly sought-after market. The property is for sale by owner.