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22683015
22683016

65 Meridian Street #B, Boston, MA 02128

BR
MA 9550697
Carlton's Wharf & Co. Real Estate
Listed by Carlton's Wharf & Co. Real Estate
$429,000
432 days on market
Updated 177 days ago

65 Meridian St. Unit B

Details
Property Type Retail
Sub Type Storefront
Square Footage 597
Net Rentable (SqFt) 597
Cap Rate 7.81%
NOI $33,511
Occupancy 100%
Tenancy Single
Brand/Tenant Boost Mobile
Lease Type Modified
Lease Term 10.6
Lease Expiration 12/31/2029
Remaining Term 3
Price per SqFt $719
Broker Co-Op Yes
Class A
Year Renovated 2019
Buildings 1
Stories 4
Lot Size (SqFt) 2,120
Investment Type Owner/User
Tenant Credit Franchisee
Lease Commencement 06/01/2019
Occupancy Date 06/01/2019

Retail | 7.81% CAP | 597 SqFt

Marketing description

Attention buy/hold investors looking to diversify their portfolio with commercial real estate! 65 Meridian Street offers a great opportunity to own a rarely available commercial condo near the Maverick Square neighborhood of East Boston. Unit "B" is a ground floor, retail space that is offering a 7.8% cap rate to new ownership with an established business, Boost Mobile, as an stable anchor tenant. This 4-story building was redeveloped in 2019 with 6 luxury residential condos above. This location has an amazing 96 walk score with high foot and car traffic and is ideally situated 0.3 miles from the Blue Line Maverick MBTA and next to bustling waterfront with direct access to Downtown Boston. Take advantage of the emerging East Boston market with heavy upside and consistent yearly growth opportunities.

Listing Contacts

BR
MA 9550697
Carlton's Wharf & Co. Real Estate
Listed by Carlton's Wharf & Co. Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$33,511.00
$2,792.58/mo

Valuation Metrics

0
DSCR
7.81%
Cap Rate
7.81%
ROI

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Additional Information

Name
Brian Rivas
License
9550697
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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