128 CRE is pleased to offer the opportunity to acquire 77-79 Wexford Street in Needham, Massachusetts. The property comprises a 21,912 SF flex building situated on 1.02 acres within one of New England’s strongest suburban markets. Fronting both Wexford Street and Charles Street,77-79 Wexford Street is fully leased to AT&T, Schlage Lock Company, and Saltwoods, a custom furniture designer and manufacturer. Each of which has meaningful lease term remaining and the property represents a compelling opportunity for a 1031 exchange buyer, income-oriented investor, or potential redeveloper. A value-add opportunity exists through potential rental rate upside and the benefits of the Town of Needham’s up zoned district may also provide an opportunity for future redevelopment.
Restaurant business opportunity located in Needham, Rent is $5,900/month plus approximately $1,200/month NNN. Lease has approximately 8 years remaining. Space includes 1,387 SF first floor and full basement. Equipped with hood ventilation systems and basement storage area. Located in a busy commercial area with a large public parking lot nearby. Turn-key opportunity suitable for various restaurant concepts. Please do not approach staff. Showings by appointment only.
Needham is located in Massachusetts. Needham, Massachusetts has a population of 31,808. Needham is more family-centric than the surrounding county with 46.53% of the households containing married families with children. The county average for households married with children is 36.79%.
The median household income in Needham, Massachusetts is $182,813. The median household income for the surrounding county is $112,089 compared to the national median of $69,021. The median age of people living in Needham is 43.4 years.
The average high temperature in July is 82.8 degrees, with an average low temperature in January of 17.4 degrees. The average rainfall is approximately 48.7 inches per year, with 50.1 inches of snow per year.
