Listed by Carbone Commercial Real Estate, Inc.
$3,500,000
281 Cambridge St
Details
Property Type Office
Sub Type Traditional Office
Square Footage 15,650
Net Rentable (SqFt) 12,720
Units 7
NOI $46,000
Occupancy 50%
Pro-Forma Cap Rate 5.30%
Pro-Forma NOI $185,000
Broker Co-Op Yes
Year Built 1959 and 1995
Year Renovated 2008
Buildings 1
Stories 3
Acreage 1.000
Zoning BG and CBD
Investment Type Owner/User
Sale Condition For sale by owner
15,650 +/-sf Office Building For Sale at 281 Cambridge Street, Burlington, MA 01803
Marketing description
Medical Office Building For Sale
15,650 +/- Total SF
12,750 +/- Rentable SF
5,454 +/- Available SF for a user and or buyer to occupy for their business
1 acre lot, zoned general business and central business district, One (1) passenger elevator, 7 Rentable Units, 7 Restrooms, common kitchenette, 68+/- onsite parking spaces.
All information furnished is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof, and the same is presented subject to errors, omissions, change of price, rental or other conditions, prior sale or lease, or withdrawal without notice.
Listing Contacts
Listed by Carbone Commercial Real Estate, Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,000.00
$3,833.33/mo
Valuation Metrics
0
DSCR
1.31%
Cap Rate
1.31%
ROI
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