Property profile

245 Main St Cambridge, MA 02142

OFF-MARKET
Office Spaces
215,394 SF Built 1987
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Property summary

AI-generated overview

This exceptional Class A office property, located at 245 Main Street in Cambridge, MA, 02142, offers 215,394 square feet of flexible workspace. The building, constructed in 1987 and renovated in 2019, features twelve stories and boasts a 12-foot ceiling height. With a total of 12 suites, the maximum contiguous space available is 8,842 square feet, making it suitable for a variety of tenants, from startups to established corporations. The property is zoned O3A, Cambridge and situated in the highly desirable Kendall Square submarket. Conveniently located near a red line MBTA stop, this location provides excellent accessibility. The building includes six elevators and ample parking with 500+ spaces. The property offers a unique blend of traditional office space, executive suites, and coworking options, catering to diverse business needs. Amenities include access to over 90 conference and meeting rooms, 60+ phone booths across two buildings, and fully stocked kitchens on each floor. This prime location in the heart of Kendall Square has attracted a vibrant community of startups, corporations, investors, and nonprofits, solidifying its position within an internationally recognized innovation district. The building's modern design and comprehensive amenities create a collaborative and productive work environment.

Property profile

Verified
Property type Office Spaces
Year built 1987
Total area 215,394 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
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Consultant Biotechnology Company
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

245 Main 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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