![]() Triple-Net Lease Financing arranged by NNNLenders. The shopping areas of High Street and Islington’s Washington Street provide retail services for residents that enhance the quality of life in town. The highway business district, Route 1, is comprised of larger retail and service establishments as well as corporate offices. Westwood is home to over two hundred businesses in established commercial areas, each varied in character. Boston Magazine included Gay Street in Westwood on its list of the Best Streets in the Boston area. In July 2005, CNN/Money and Money magazine ranked Westwood 13th on its list of the 100 Best Places to Live in the United States. The population was 14,618 at the 2010 census. Westwood, located 30 minutes south of Boston, is a town in Norfolk County, Massachusetts. Supply Constrained Market - Greater Boston is dominated by lack of new supply, land scarcity, and difficulty of obtaining permits. Parking is 501 spaces, 5 per 1,000 parking ratio – This favorable ratio provides ample parking spaces for the office tenant and is a rare amenity in suburban Boston.Īdditional Development Potential on Site – The 101,000 SF facility has additional development potential on site with +/- 10.52 acres of land. Established in 2008 as the physician network for the hospitals under the Steward Health Care System, SHCN extends across nine states and takes pride in its community-based care model, which drives value-added tools and services to our communities, patients, physicians and hospitals across the continuum of care. Strong Affluent Demographics - Within a 5-mile radius, there is a population of over 157,000 with an AHHI of over $109,000. The Norwood Memorial Airport is just +/- 2.3 miles south.ĥ% Rent increase in January 2021 - The rent escalation provides a hedge against inflation and higher average return. This area is a major employment center in Massachusetts. Route 128/ I-95 is in close proximity to major roadway networks, universities, Hanscom Air Force Base, and other economic drivers. 58 reviews from Steward Health Care employees about Steward Health Care culture, salaries, benefits, work-life balance, management, job security, and more. Approximately $5 million has been invested into this space.Ĭreative Flex Building - This flex building structure is rarely available in the area and is typically in high demand upon releasing.Įxcellent Transportation Access and Just off Route 128 - The subject property is directly off Route 1, less than one mile from Route 128/ I-95 and within two miles of Islington Commuter Rail, Dedham Corporate Center Commuter Rail, and University Station Amtrak station. Regional Director of Food & Nutrition Services at Steward Healthcare. Critical functions in this space include e-ICU, an intensive care 24/7/365 off-site monitoring unit for the entire health system. Mission Critical – The subject property has critical proximity to Steward's hospital network. ![]() Landlord only maintains replacement responsibility for the roof, foundation, structure, windows (if not “watertight”), mechanicals, and parking lot repaving (tenant is responsible for first repaving). NNN Lease with Tenant Self-Management – The NNN lease offers minimal risk and responsibility. The Steward health system directly and indirectly supports about 33,000 jobs as the fourth largest employer in Massachusetts, and has made $264 million in capital investments to facilities and infrastructure. Steward acquired 10 acute care hospitals between 20. Steward's Growth and Impact in Greater New England - Steward is the 2nd largest hospital network in New England backed by $25 billion private equity fund Cerberus Capital. The subject property is located off of Providence Highway/ Route 1 (+/- 50,000 VPD), within a +/- 7 minute drive from Legacy Place, University Station, and 350 luxury apartments. The lease features two (2), five (5) year renewal options. Steward Health Care System is operating under an eleven (11) year NNN lease term with six-and-a-half (6.5) years remaining. NNN Lenders and Boston Realty Advisors are pleased to offer for sale to qualified investors a Steward Health Care System property located at 30 Perwal Street, Westwood, MA. | Westwood (Boston MSA), MA 02090 LTV (Loan to Value) ![]() | Westwood (Boston MSA), MA 02090 - 30 Perwal St. If this data is unavailable or inaccurate and you own or represent this business, click here for more information on how you may be able to correct it.30 Perwal St. VIEW ADDITIONAL DATA Select from over 115 networks below to view available data about this business.
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