Property summary
This exceptional investment opportunity presents a stabilized, mixed-use portfolio comprising two Class A medical office buildings totaling 5,235 square feet, located in Somerset and Milton, Massachusetts. The portfolio is anchored by Baystate Physical Therapy, a reputable tenant with a significant presence across five states, operating under long-term net leases. The Somerset property, situated at 1054 County St, Somerset, MA 02726, features a 10-year lease with 2% annual rent increases commencing in year five, and two five-year options with 3% annual rent increases. This location also includes a 900-square-foot residential apartment. The Milton property, located at 191 Blue Hills Pkwy, Milton, MA 02186, boasts a lease extending to August 2030, initially a 5-year lease with two five-year options, each including a 9% rent increase. This property also includes two residential units totaling 1,400 square feet. The portfolio offers a compelling 7.65% capitalization rate and a total asking price of $1,681,255, translating to $321.16 per square foot. The strong tenant, long-term leases with built-in rent increases, and option periods provide investors with a secure and predictable cash flow, making this a highly desirable investment opportunity. The portfolio's NOI is $128,616. The sale is structured to accommodate a 1031 exchange.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C · Somerset, MAZoning
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Zoning designation
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