Single-Tenant Medical Office
1073 Pleasant St, Brockton, MA 02301
For Sale
New
$2,100,000
The fully occupied property has a triple-net lease with two one-year renewal options.
Property Size1,994 SF
Price / SF$242.94
Days on Market4
Property Features for 1073 Pleasant St
General Information
Standard status
Size
Zoning
Occupancy
Lease Term
Additional Details
Highway Access
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Boston Realty Advisors
(617) 375-7900
Listed By:
Daniel Alper · License #CN254381
(617) 768-7333
Source:
Iverty
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 8:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Boston Realty Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1994, this one-story medical office building contains 8,644 square feet and sits on a corner parcel with on-site parking. BMC Affiliated Physicians, Inc., an affiliate of Boston Medical Center, occupies the entire building under a triple-net lease. The tenant pays its share of real estate taxes, insurance, utilities, and common area costs; two one-year renewal options are included.
The property is at a signal-controlled intersection on Pleasant Street, 0.9 miles from BMC South and less than half a mile from Route 24. Westgate Mall is 1.5 miles away.
C1 zoning permits general commercial, retail, office, and medical office uses, with a maximum floor area ratio of 0.75. The existing building has a floor area ratio of approximately 0.16, leaving capacity for expansion or another building, subject to approvals.
The property is at a signal-controlled intersection on Pleasant Street, 0.9 miles from BMC South and less than half a mile from Route 24. Westgate Mall is 1.5 miles away.
C1 zoning permits general commercial, retail, office, and medical office uses, with a maximum floor area ratio of 0.75. The existing building has a floor area ratio of approximately 0.16, leaving capacity for expansion or another building, subject to approvals.
Key Highlights
- 8,644‑square‑foot, one‑story building constructed in 1994
- 100% leased to BMC Affiliated Physicians, Inc., a Boston Medical Center affiliate
- Triple‑net lease; tenant pays its share of taxes, insurance, utilities, and common area costs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,403
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,268,060
$3.3M
Cap Rate 7%
$2,334,329
$2.3M
Cap Rate 9%
$1,815,589
$1.8M
Market Conditions
NOI Build-Up for 8,644 SF
Gross rent
$306.0K $35.40/SF
− Vacancy
−$33.7K −$3.89/SF
EGI
$272.3K $31.51/SF
− OpEx
−$108.9K −$12.60/SF
NOI
$163.4K $18.90/SF
Area
Brockton, MA
Vacancy
11.00%
Lease Rate
$35.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,268,060
Cap Rate 7%
$2,334,329
Cap Rate 9%
$1,815,589
Alternative Uses
Best Use
Office B
$2.82M
$2.47M – $3.29M
NOI $197,213 @ 7.0% cap · market cap 9.39%
Second Best
Healthcare Medical
$2.33M
$2.04M – $2.72M
NOI $163,403 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$4.11M
$3.60M – $4.80M
NOI $287,783 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02301, MA
69,418
Population
24,592
Households
2.8
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
12.4 sq mi
ZIP Area
5,598
Density / Sq Mi
$72,727
Median Household Income
$43,588
Median Earnings
$1,566
Median Rent
$414,200
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Plymouth County, MA
Properties on Market for Medical Office Space in Plymouth County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The fully occupied property has a triple-net lease with two one-year renewal options.
Where is this medical office space located?
The property is located at 1073 Pleasant St Brockton, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 8,644‑square‑foot, one‑story building constructed in 1994; 100% leased to BMC Affiliated Physicians, Inc., a Boston Medical Center affiliate; Triple‑net lease; tenant pays its share of taxes, insurance, utilities, and common area costs
