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Medical Office Investment Opportunity

312 Bedford St, Whitman, MA 02382

For Sale
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Single-tenant medical office building fully occupied by BMC Health System.

Property Size15,648 SF
Lot Size1.76 Acres
Price / SF$338.70
Days on Market235

Property Features for 312 Bedford St

General Information

Standard status Active
Size 15,648 SF
Class B
Lot size 1.76 Acres
Property subtype Office
Occupancy 100%
Lease Type NN
Investment Type Stabilized
Net Operating Income $411,799

Building Details

Year Built 1970
Buildings 2
Stories 2
Listing Agency: Marcus & Millichap - Chicago Downtown
Listed By: Frank Roti · License IL 475.139806
Source: Crexi
Added: Mar 23 Changed: Nov 6 Last Checked: Nov 12 at 8:32AM

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 Marcus & Millichap - Chicago Downtown

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Investment Insights

Based on property information with market context.

The property at 312 Bedford Street, Whitman, MA, presents a fee-simple ownership opportunity. This single-tenant medical office property is fully occupied by BMC Health System, operating under a triple-net lease structure that includes 3% annual rental increases and one five-year renewal option. The lease has 6+ years remaining and is backed by a corporate guarantee. Boston Medical Center (BMC) Health System operates this primary care outpatient clinic, providing comprehensive primary care and internal medicine services focused on preventive care, chronic disease management, and routine medical treatment for adult patients. This location serves as a community-based healthcare access point for residents of Whitman and surrounding South Shore communities, offering coordinated care in a convenient neighborhood setting. Boston Medical Center Health System is an academic, nonprofit healthcare network anchored by Boston Medical Center, a 500+ bed teaching hospital affiliated with Boston University. The Whitman facility is part of BMC’s expanding regional network of community medical offices that provide primary care services while connecting patients to the broader resources of the Boston Medical Center Health System, including specialty care, advanced diagnostics, and hospital services across the region. The property is situated on a 1.76-acre lot with a building footprint of 15,648 square feet. It has visibility along Bedford Street, where traffic counts reach 18,227 vehicles per day, and offers ample parking with convenient access. The location benefits from strong area traffic, positioned across from high-traffic retailers such as McDonald’s, Dunkin’, and CVS. The site is also located on MA Route 18, the primary commercial corridor, providing direct access to Bridgewater to the south. This well-maintained property is a prime location with excellent frontage in a thriving commercial area.

Key Highlights

  • Fully occupied by BMC Health System under a triple‑net lease with 6+ years remaining and a corporate guarantee.
  • 3% annual rental increases provide an attractive hedge against inflation.
  • Strategic location on Bedford Street (18,227 VPD) and MA Route 18, a primary commercial corridor, offering excellent visibility.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$327,294
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,545,880 $6.5M
Cap Rate 7%
$4,675,629 $4.7M
Cap Rate 9%
$3,636,600 $3.6M
Market Conditions
NOI Build-Up for 15,648 SF
Gross rent
$525.8K $33.60/SF
− Vacancy
−$89.4K −$5.71/SF
EGI
$436.4K $27.89/SF
− OpEx
−$109.1K −$6.97/SF
NOI
$327.3K $20.92/SF
Area
Plymouth County, MA
Vacancy
17.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,545,880
Cap Rate 7%
$4,675,629
Cap Rate 9%
$3,636,600

Alternative Uses

Best Use
Office B
$4.68M
$4.09M – $5.45M (±1% cap)
NOI $327,294 @ 7.0% cap · market cap 6.18%
Second Best
Healthcare Medical
$4.17M
$3.65M – $4.86M (±1% cap)
NOI $291,804 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$9.26M
$8.11M – $10.81M (±1% cap)
NOI $648,449 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Beth Israel Deaconess ... Physician Hollie O’Bryan, NP Pediatrician Ashley Simoni, NP Physician Katherine Pacheco, NP Physician Amy Gianino, NP Physician

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Restaurant Spa & Massage Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

196
Businesses Nearby
Under-served
Demand for This Use

Demographics for 02382, MA

15,121
Population
6,031
Households
2.5
Avg Household Size
41
Median Age
29%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
2,191
Density / Sq Mi
$107,794
Median Household Income
$53,875
Median Earnings
$1,785
Median Rent
$456,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Medical Office Space in Plymouth County, MA

$153 Jul
$116 Aug
$131 Sep
$102 Oct

Properties on Market for Medical Office Space in Plymouth County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Medical Office Space - Single-tenant medical office building fully occupied by BMC Health System.
Where is this medical office space located?
The property is located at 312 Bedford St Whitman, MA.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Fully occupied by BMC Health System under a triple‑net lease with 6+ years remaining and a corporate guarantee.; 3% annual rental increases provide an attractive hedge against inflation.; Strategic location on Bedford Street (18,227 VPD) and MA Route 18, a primary commercial corridor, offering excellent visibility.
(312) 624-7013 Call to check price and availability
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