24,751 +/- SF Flex Investment Opportunity | Route 128

4 Preston Court Bedford, MA 01730

4 Preston Court, Bedford, MA, 01730
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
Please Call Broker for Price

Last Verified:
Feb 05, 2024

Highlights

  • IND-B Zoning
  • Value Add or Owner User Opportunity
  • Phenomenal Access to Skilled Employee Pool
  • Nearby Amenities Include Wholefoods, Bruegger's, CVS, Starbucks
  • 90 On-Site, Surface Parking Spaces
  • 35 Minute Drive to Boston

Description

This 24,751 +/- SF highly favorable investment opportunity is 72% leased and occupied, strategically located in the IND-B section, near Lexington's Hartwell Avenue. The building boasts two-floors of multi-tenant flex space serviced by a 4,500 lb capacity passenger/freight elevator, providing flexibility for uses such as office, R&D, lab, biotech, and light manufacturing.

A major advantage of this location is its proximity to a pool of skilled white-collar employees. Within a 3-mile radius, there are approximately 16,053 highly skilled professionals, presenting a powerful workforce for businesses in the area. Notable neighbors include industry giants like Thermo Fisher Scientific, Stoke, Diversified Technologies, Cubic PV, and UCB, which further enhances the property's appeal.

Beyond its excellent location and neighbors, the property is surrounded by conservation land, offering a pleasant environment for employees and visitors. It also benefits from its proximity to the Minuteman Bike Path and Hanscom Air Force Base. Access to major routes, such as Routes 2 & 3, 128, and 225.

Preston Court is home to Boston's most advanced lab, biotech, and service companies seeking Ind-B zoning and access to a skilled talent pool. Neighbors include Thermo Fisher Scientific, Stoke, Diversified Technologies, Cubic PV, and UCB. There are 16,053 white-collar employees within a 3-mile radius of the property, providing ample demand for office space in this 128 location and proximity to some of the Boston area's most affluent suburbs. The property is surrounded by conservation land near the Minuteman Bike Path and Hanscom Air Force Base and enjoys easy access to Routes 3, 128, and 225.

Area retailers include Wholefoods, TJ Maxx, Ocean State Job Lot, Verizon, Stop & Shop, Starbucks, Bruegger's, and Chipotle. Preston Court is a 35-minute drive to downtown Boston and Logan International Airport. It also offers proximity to Route 2, I-93, and the Mass Pike.


Year Built: 1974
Building Size: 24751sq ft
Building Class: B
Lot Size: 1.38 acres


Documents

Sale Flyer - 4 Preston Court

Map of 4 Preston Court, Bedford, MA, 01730

Presented by:
MANSARD

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Jeremy Cyrier


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.