267 Shrewsbury Street, Worcester, MA 01604

Building Details

Year Built

1940

Listing agent Bret O'Brien Show Phone

Listing office Greater Boston Commercial Properties,Inc.

Listing date Mar 5, 2024

Source Parksquarerealty

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Overview

This 11,940 square foot medical office building is available for sale. The property is located in a highly attractive retail corridor. It is currently under a long-term, 15-year lease with approximately 8 years remaining. The lease includes a corporate guarantee from DaVita Inc., which has $17 billion in assets and an S&P rating of “BB”. The lease also features ten percent rental increases every five years.

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.

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Location Insight

• Map
• Local Demand

City

Worcester

County

Worcester

State

Massachusetts

Longitude

-71.7811059

Latitude

42.2676515

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FAQs

What type of property is this?

Medical Office Space - 11,940 Sq. Ft. medical office building in Worcester, MA.

Where is this medical office space located?

The property is located at 267 Shrewsbury Street Worcester, MA.

What is the asking price?

The asking price for this property is $4,200,000.

What are key features of this property?

This property features: Long‑Term Lease: Approximately 8 years remaining on a 15‑year lease.; Corporate Guarantee: Lease guaranteed by DaVita Inc, a company with $17BN in assets and an S&P rating of “BB”.; Attractive Cap Rate: 6.62% cap rate.