3 & 6 Riverside Dr Andover, MA - ISA 2025

As exclusive advisor, JLL is pleased to present the unique opportunity to acquire the fee simple interest in 3 & 6 Riverside Drive (the “Properties”), two premier R&D manufacturing assets totaling 171,764 square feet located in Andover, Massachusetts.

Located 25 miles north of Boston, the Properties' are strategically positioned near Interstates 93 and 495, and just five miles from the New Hampshire border.

The Properties' are 100% leased with a weighted average lease term (WALT) of 7.8 years, ensuring durable cash flow and minimal near-term rollover. Further underscoring the Properties prime location and quality, three of the four tenants have selected Riverside Drive for their headquarters, reinforcing Andover’s appeal to high-tech, medical device, and manufacturing users alike.

3 & 6 Riverside Drive also offers investors a compelling opportunity to own well positioned R&D manufacturing space at a substantial discount to replacement cost, with new construction in the region exceeding $500 per square foot. The combination of long-term contractual income, below-market rents, and limited near-term capital expenditures creates a runway for significant rent growth upon lease expirations.

The Properties' superior highway connectivity, proximity to a deep labor pool across Greater Boston and Southern New Hampshire, and established presence in Boston’s northern suburban cluster—recognized for its concentration of advanced technology and life science companies—further enhance the long-term investment thesis. 3 & 6 Riverside Drive represent a rare chance to acquire mission-critical R&D Manufacturing real estate with secure cash flow, future mark-to-market upside, and a meaningful discount to replacement cost.

3 and 6 Riverside is being offered without a formal asking price, free and clear of debt.