2 BUILDINGS (5 retail & 3 offices)

14,400 SF | 79% Leased | Retail Building | Boston, MA 02116 | $10,500,000 ($729/SF) | 5.90% Cap Rate

Asking Price $10,500,000

Property Type: Retail
Square Feet: 14,400 SF
Price / Square Foot: $729

Listing Contacts

Dan McGee

Verified Profile

Carl Christie

Verified Profile

Property Info

Property Overview

222-224 Newbury Street is a mixed-use (retail & office) property containing 14,400 ± SF. The five-story buildings contains five (5) retail suites and three (3) office suites. There is off-street parking for 2 vehicles. The two buildings are available for sale with an asking price of $10.5 million ($729/SF). They are available along with a portfolio of four (4) other buildings, 226-228 Newbury St. and 230-232 Newbury St. The year 1 cap rate is 5.9% with upside potential.

Property Details

Class: B
Year Built/Renovated: 1882/2004
Stories: 5
Property Subtype: Storefront Retail/Office, Storefront, Storefront Retail/Residential, Office Live/Work Unit
Lot Size (sq. ft): 2,614 SF

Highlights

PRIME LOCATION
TROPHY INVESTMENT PROPERTY
EXISTING CASH FLOW AND UPSIDE

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