For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings

267 Shrewsbury St Worcester, MA 01604

Loading data...
Loading data...
Loading data...
For Sale
$4,400,000

High-Yield Medical Office Investment

Property Features for 267 Shrewsbury St

General Information

Property type
Other commercial real estate
Lot Size
20,038 SF

Building Details

Year Built
1940

We can help!

Listing Contact
Bret O'Brien

Listing Agency: Greater Boston Commercial Properties, Inc. Listing Agent: Bret O'Brien

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

This exceptional 11,940 square foot medical office building in Worcester, MA, presents a compelling investment opportunity. Priced at $4,400,000, it boasts a strong 6.62% cap rate, secured by a long-term lease. The property sits on a 0.46-acre lot in a highly attractive retail corridor. The lease agreement is a 15-year contract with approximately 8 years remaining, providing significant lease stability. Crucially, the lease includes a corporate guarantee from DaVita Inc., a company with $17 billion in assets and an S&P rating of "BB". This robust guarantee significantly mitigates investment risk. Further enhancing the investment's appeal are the built-in rental increases of 10% every five years, ensuring consistent growth in rental income. This property offers a rare combination of secure, long-term income, substantial corporate backing, and built-in appreciation potential, making it an ideal addition to any diversified investment portfolio. The prime location within a thriving retail area adds further value, promising strong future prospects. This is a turnkey investment opportunity with minimal management requirements and substantial upside potential. The property's strong fundamentals and secure lease make it an attractive option for discerning investors seeking stable, high-yield returns.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

DaVita Shrewsbury Street ... Medical Clinic DaVita Shrewsbury Street ... Medical Clinic

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Worcester
County
Worcester
State
Massachusetts
Longitude
-71.78111
Latitude
42.26765

FAQs

What type of property is this?
Commercial real estate - High-Yield Medical Office Investment
Where is this commercial real estate located?
The property is located at 267 Shrewsbury St Worcester, MA.
What is the asking price?
The asking price for this property is $4,400,000.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message