63 Smiths Ln Kingston, MA 02364-3008
- Commercial real estate
- 5.80 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 63 Smiths Ln
- Lot size
- 5.80 lot acres
- Property type
- Commercial real estate
- APN
- KING M:0076 B:0098
- APU
- KINGM0076B0098
Description
This exceptional investment opportunity presents a 22,725 square foot, Class B office complex in Kingston, Massachusetts. The property consists of two buildings: a 15,440 square foot main office building with a modern build-out and elevator, and a 7,285 square foot office/flex building with loading infrastructure. Built in 1984 and renovated in 2011 and 2021, the property sits on a 5.8-acre lot (234,556 sq ft) with 588 feet of frontage on Route 3, offering excellent visibility and convenient access. Currently 100% occupied under a single-tenant, net lease (NNN) agreement with a corporate guarantor, the lease has a remaining term of six years with rent bumps and a five-year renewal option. The property is zoned for commercial use and enjoys a strategic location near the Kingston Collection shopping center and the Kingston Commuter Rail Station, providing easy access to Boston. This core investment offers a compelling 6.87% cap rate, making it an attractive addition to any portfolio. The property's versatile design allows for continued use as office space or potential conversion of the second building to warehouse/flex space. The well-landscaped grounds, including a charming brook, enhance the property's appeal. This is a rare opportunity to acquire a high-quality, strategically located commercial property with strong tenant occupancy and a significant remaining lease term.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingston
- County
- Plymouth
- State
- Massachusetts
- Longitude
- -70.7104
- Latitude
- 41.9789
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
