128 CRE is pleased to present the opportunity to purchase 77 Charles Street/19 Wexford Street in Needham. This is a rare opportunity to acquire a 20,217 SF flex building on 1.07 acres in one of the strongest suburban markets in New England.
77 Charles Street, also known as 19 Wexford Street, due to its frontage on both streets, is a fully leased 20,217 SF flex building. The tenants include Pure Performance Training, Golftec, Fast Splits, and G Medical, all of which have near term lease expirations presenting a great opportunity for an owner-user. The property offers both flex and quasi retail users the potential to occupy this sought after building with exceptional parking, clear height and visibility with convenient access to I-95/ Route 128. Value-add opportunity exists with rental rate upside as well as the ability to occupy a portion of the building within the Town of Needham’s upzoned district.
The asset resides in the heart of one of the most exclusive and affluent residential communities in New England. The combination of excellent schools, convenient public transportation, and abundant retail destinations make Needham one of the most desirable communities in Massachusetts. This well-heeled suburb is also recognized for its expanding infrastructure, close proximity to Boston, and being the home of the Charles River Regional Chamber which has an abundance of emerging and innovative companies, educational institutions, and established employers including Trip Advisor, Shark Ninja, NBC Universal, Childrens Hospital, Mount Ida Campus of UMass Amherst, Harvard Vanguard Medical Associates, and Olin College of Engineering.
77 Charles Street is being offered for sale on an unpriced basis. We will be conducting tours of the property in the upcoming weeks with a “call-for-offers” to follow.