Property profile

60 1St St Cambridge, MA 02141

FOR LEASE
Industrial properties
Property ID
US38-0836001
100,062 SF 0.98 ac lot Built 2021
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 60 First Street in Cambridge, Massachusetts, offers a unique opportunity for businesses seeking flexible and spacious commercial space. The five-story building boasts a total of 228,000 square feet, with a remarkable 43 acres of land. Currently, there are nine available spaces ranging from a minimum of 1,063 square feet to a maximum contiguous space of 16,339 square feet, providing options for businesses of various sizes. A significant 20,135 square feet is currently vacant, presenting an ideal opportunity for immediate occupancy. The property's location in Middlesex County, with a Cambridge, MA 02141 zip code, offers unparalleled access to a vibrant and densely populated area. The multiple tenancy structure allows for diverse business combinations, fostering a dynamic and thriving commercial environment. This is an exceptional opportunity to establish a presence in a highly sought-after location with ample space and flexibility to suit a variety of business needs. The property's size and location make it an ideal investment for long-term growth and profitability. Contact us today to learn more about this remarkable retail space.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2021
Construction STEEL FRAME
Total area 100,062 SF
Lot 0.98 ac (42,560 SF)
Zoning code PUD-4
APN CAMB M:00008 L:00086
UPID US38-0836001

Cap rate & NOI

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

Location

60 1St St Cambridge, MA 02141
Cambridge metro Census 352102 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.36M

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

PUD-4 · Cambridge, MA

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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