Property profile

245 1St St Cambridge, MA 02142

OFF-MARKET
Office Spaces
18,428 SF
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Property summary

AI-generated overview

This Class A office building in Middlesex County offers 18,428 square feet of versatile workspace, including executive suites, coworking areas, and creative office solutions. The property, renovated in 2019, features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. Enjoy breathtaking panoramic Boston city views from the 18th floor, ideally situated near the biotech and IT industries and adjacent to Harvard University. The building's distinctive design, highlighted by mint green accents, makes a striking impression. Its convenient location offers easy access to Boston Logan International Airport, numerous restaurants, and cafes. Flexible options include private, fully furnished offices, customizable spaces, disaster recovery solutions, and day offices. A comprehensive benefits program provides exclusive discounts and procurement support. Coworking spaces promote collaboration, and meeting rooms are equipped with the latest technology. Virtual office options are also available. Elevators are present.

Property profile

Verified
Property type Office Spaces
Total area 18,428 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Carpet Cleaning Service Janitorial Service
  • Building Supply General Contractor
  • (Bike/Boat/Book/etc) Store Home Decor Store
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Construction Company General Contractor

Location

245 1St St Cambridge, MA 02142
Cambridge metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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