151-159 Linden Street, Wellesley, MA

Commercial Property For Sale

EXECUTIVE SUMMARY

128 CRE is pleased to present the opportunity to purchase a 22,713 square-foot mixed-use building (retail/office/warehouse) on a .82-acre site in the heart of Linden Square in Wellesley. The property sits in one of Boston’s strongest suburban office and retail markets and offers current cash flow and a leasing or development opportunity. The property is being sold in conjunction with 10 Railroad Street; a surface parking lot located behind 151-159 Linden Street. 151-159 Linden Street is 78% leased to eight tenants, many of which have been in occupancy for more than 10 years. The property has a total of 75 parking spaces between the two parcels.

151-159 Linden Street is ideally located adjacent to Linden Square, a 250,000 square foot lifestyle center that offers a vibrant mix of stores, restaurants, and services. The property is conveniently located adjacent to the Wellesley Square Commuter Rail station, which offers easy access to downtown Boston. It is also easily accessible from all directions given its location less than 4 miles from I-95 and .6 miles from Route 9.

This property is ideal for traditional investors, owner-users, or developers. Traditional investors pursuing current returns will benefit from in-place income and the upside potential of below market rents and prospective leasing. An opportunistic vacancy and shorter-term leases offer a potential owner the ability to customize its space and enjoy the property’s current cash flow.