Union Office renovated this 20,704 SF flex property in 2009 as its Boston market headquarters. Located .75 miles from Exit 41 at the 93/125 interchange, 226 Andover Street is offered free and clear of existing financing, three years of net lease weighted average lease term, and 4% annual rental rate growth. The property features two tailboard loading docs, one drive-in door, 16′ clear height, and is 100% air-conditioned. In 2022, Union Office extended its lease showing an ongoing commitment to this headquarters location.
– 4% annual rental rate growth
– 3 years of weighted average lease term
– .75 miles from Exit 41 along Route 93
– High-occupancy asset class in an undersupplied market
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00:53 Approaching the market
01:27 When buyers ask for extensions
02:34 What happens with the 3rd buyer