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229 Andover Street

Off-Market

229 Andover Street, Wilmington, MA 01887

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  • Property Type Office - General Office
  • Property Size 25,742 SF
  • Lot Size 2.19 Acre
  • Parking Spaces Avail. 87
  • Parking Ratio 3.40/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1983

Location

  • Walk Score ® Car-Dependent (22)
  • Bike Score ® Somewhat Bikeable (29)
Powered by Walk Score ®
  • City Wilmington, MA
  • Neighborhood Wilmington
  • Zip Code 01887
  • Market Boston

Points of Interest

Wilmington

3.53 miles

Anderson RTC

5.28 miles

Reading

5.36 miles

North Billerica

6.85 miles

Lawrence

7.50 miles

Taxi Merrimack

7.93 miles

Lower Locks

8.90 miles

Boott Mills

9.00 miles

Lowell

9.08 miles

Moody Street Gatehouse

9.19 miles

7-Eleven

1.58 miles

Shell

1.61 miles

Citgo

1.84 miles

Sunoco

1.86 miles

Stop & Shop Gas

2.30 miles

Electric Car Charger

2.76 miles

Petroil

2.83 miles

Shell

2.90 miles

Cumberland Farms

3.09 miles

Speedway

3.20 miles

Wilmington High School Parking

2.74 miles

Park and Ride

2.75 miles

East Street Farm Stand Lot

3.71 miles

Visitor Parking

4.02 miles

Memorial Hall Library Parking Lot

4.40 miles

Palmers Parking

4.49 miles

St. Athanasius Parish Parking Lot

4.74 miles

Visitor Parking

4.74 miles

Lot J

5.05 miles

Lot G

5.23 miles

Andover Inn

3.92 miles

Residence Inn by Marriott Boston Woburn

5.08 miles

Extended Stay America

5.36 miles

Courtyard Place

5.52 miles

Red Roof Inn

6.05 miles

Marriott Courtyard Boston Woburn/Burlington

6.24 miles

Clarion Inn

6.26 miles

Holiday Inn Express

6.28 miles

Extended Stay America

6.29 miles

Fairfield Inn Boston Woburn Burlington

6.30 miles

The Habit Burger

0.64 miles

Dunkin'

0.67 miles

Subway

0.67 miles

Dos Lobos

1.40 miles

Dairy Queen

1.40 miles

Tokyo Steakhouse

1.43 miles

Ginger Gourmet

1.56 miles

Captain's Pizza

1.58 miles

Horseshoe Grill

1.61 miles

China Cuisine

1.62 miles

North Intermediate School

1.19 miles

Woburn Street School

1.69 miles

Beck Safety and Education

1.72 miles

E. Ethel Little Elementary School

2.08 miles

Andover School of Montessori

2.26 miles

South Elementary School

2.30 miles

Louise Davy Trahan School

2.53 miles

Wilmington High School

2.74 miles

Pike School

2.78 miles

J. Turner Hood Elementary School

2.84 miles

The Learning Experience

3.03 miles

Hilltop Nursery School

3.63 miles

The Wonder Years Learning Center

3.68 miles

Over The Rainbow

3.97 miles

Woburn Creative Start

6.71 miles

KinderCare

7.29 miles

KinderCare

7.38 miles

Children's Gathering

7.41 miles

KinderCare

8.57 miles

Primrose School

8.66 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 13 Nov, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Wilmington

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Wilmington Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $26.52
  • 2020 Office Vacancy Rate 15.28%
  • 2020 Office Completions (SF) 226,610
View more Wilmington market trends

Tax

  • Property Tax in 2022 $84,144
  • Market Value* $2,799,200
  • Assessed Value $2,799,200

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 229 Andover Street?

229 Andover Street totals 25,742 square feet.

When was this property built?

229 Andover Street was built in 1983.

When was 229 Andover Street last sold?

229 Andover Street was last sold on 13 Nov, 2015.

What is the property tax for 229 Andover Street?

The property tax for 229 Andover Street in 2022 was $84,144.

What is the market value for 229 Andover Street?

The market value* for 229 Andover Street in 2022 was $2,799,200.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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