$5,300,000

Address:"420" "Common St"

Lawrence, Essex "01840"

Status :
Style :
Living area : sqft
Total rooms :	No. of Bedrooms :
Full Bath(s) :	Half Bath(s) :
Garage(s) :	Garage Style :
Basement : No	Lot Size : 9570 sqft/0.22 Acre

Property Details : "This three story glass sided/ steel frame office building located across from the Lawrence post office is part of the ""Educational Campus"" of Northern Essex Community College. Ten year lease with The Commonwealth of Massachusetts for use by Northern Essex Community College and affiliated organizations and activities. The lease conception date was 10/3/2017. The 2020 reported gross income was $295,000 for base rent plus escalator. Annual expenses of $51,895 with an NOI of $243,103.There is a total of 32,292 sq ft.of office space on four levels. The area is vibrant and has had numerous governmental capital improvement investments made and is clean and modern.This is one of four buildings occupied by Northern Essex Community College in the immediate area. (The Lawrence Campus). This is the only building for sale. The property is located in the City of Lawrence Opportunity Zone. (Visit the city Web site for further information). There may be additional capital gains tax benefits for you"

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