Property profile

40 Shattuck Rd Andover, MA 01810

FOR LEASE
Industrial properties
Property ID
US38-0492498
125,896 SF 9.41 ac lot Built 2000
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This prestigious Class A office building, located at 40 Shattuck Rd in Andover, MA (Essex County, zip code 01810), offers 120,000 square feet of prime executive office space. Built in 2001, the property currently has 66,260 square feet of vacant space available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 2,317 square feet to a maximum contiguous space of 20,696 square feet. Seven individual suites are currently available. This exceptional Andover location provides easy access to major transportation routes and amenities. The building's modern design and high-quality finishes create an ideal environment for businesses seeking a sophisticated and productive workspace. The property's strategic location in Essex County, Massachusetts, offers a thriving business community and a highly skilled workforce. This is an unparalleled opportunity to secure premium office space in a highly desirable location. Contact us today to learn more about the available suites and lease terms.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2000
Construction STEEL FRAME
Total area 125,896 SF
Lot 9.41 ac (410,117 SF)
Zoning code ID
APN ANDO M:00167 B:00015 L:0000B
UPID US38-0492498

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tech Support Center IT Consulting Firm
  • Tech Support Center IT Consulting Firm
  • Electronics & Wireless Store
  • Medical Clinic
  • Tech Support Center IT Consulting Firm

Location

40 Shattuck Rd Andover, MA 01810
Andover metro Census 254402 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.49M

Owner & transaction history

since 2017
4 recorded transactions
2017
Price N/A
2017
$12.0M
2003
$13.2M
2000
Price N/A

Zoning & alternative use

ID · Andover, MA
Zoning description

INDUSTRIAL D DISTRICT (ID). 8.1.1 General. All development in an Industrial D District shall be subject to the following, unless a special permit to vary these requirements is granted by the Zoning Board of Appeals, upon…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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