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1842 Beacon St , #401

Brookline, MA 02445
  • $1,700,000
  • STATUS: Active
  • MLS #: 72974726
UPDATED: 32 min ago
$1,700,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial-Lease
Built:
1972
County:
Area:

School Ratings & Info

Listing courtesy of Scott Mcneill of Compass.

Description

Investment Opportunity! State of the art Medical office condo with five window lined dental operatories, a private consultation room, beautiful waiting room, two private bathrooms, employee lounge, two storage units and two deeded garage parking spaces. 1842 Beacon Street is a medical building located in the heart of Brookline between Cleveland Circle and Washington Square. This prime location offers an abundance of on street parking and is located directly across the street from the Green C line train making it easily accessible to clients throughout greater Boston. In 2019, The Smile Institute signed on for a ten year lease with two five year options that include an annual 2.5% increase throughout the base and option terms. Priced at a 5% Cap rate that increases that increases to 7.8%. Sale does not include the dental practice, equipment, or furniture.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-27T07:13:45.403.
www.coastalnewenglandproperties.com/homes/128262155
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1842 Beacon St , #401 Brookline, MA 02445

  • Price: $1,700,000
  • Status: Active
  • On Site: Days
  • Updated: 32 min ago
  • MLS #: 72974726
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1972
Built
Neighborhood:
Other
County:
Norfolk
Area:
Other
Property Description
Investment Opportunity! State of the art Medical office condo with five window lined dental operatories, a private consultation room, beautiful waiting room, two private bathrooms, employee lounge, two storage units and two deeded garage parking spaces. 1842 Beacon Street is a medical building located in the heart of Brookline between Cleveland Circle and Washington Square. This prime location offers an abundance of on street parking and is located directly across the street from the Green C line train making it easily accessible to clients throughout greater Boston. In 2019, The Smile Institute signed on for a ten year lease with two five year options that include an annual 2.5% increase throughout the base and option terms. Priced at a 5% Cap rate that increases that increases to 7.8%. Sale does not include the dental practice, equipment, or furniture.
Exterior Features

Parking Features Garage Parking Spaces 2 Stories 4

Interior Features

Maf Building Sq Ft 0.00 Ref Building Sq Ft 0.00 Rsf Building Sq Ft 0.00 Waf Building Sq Ft 0.00

Property Features

Assessed Value Building 1117600.00 Assessed Value Land 999999999.00 Assessed Value Total 1117600.00 Assoc Fee Includes WaterSewerMaster InsuranceElevatorExterior MaintenanceLandscapingSnow RemovalRefuse RemovalParkingManagement Fee Commercial Industrial Type Commercial Condo Association Yes Disclosure No Exchange No Gross Annual Expense 12520.00 Gross Annual Income 98092.00 Hoa Fee 1043.35 Lease Yes Lease Type Other (See Remarks) Lender Owned No Mau Units 0 Net Operating Income 85572.00 Ofu Units 1 On File21 E Yes Reu Units 0 Rsu Units 0 Short Sale Lender App Required No Space Available For Sale/Lease Sublet No Tax Year 2022 Taxes 18507.00 Wau Units 0 Year Built Source Pr Zone Description Legal Conforming Zoning M20

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Scott Mcneill of Compass.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-06-27T07:13:45.403.
 
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Kinlin Grover Compass
45 Court Street
Plymouth MA, 02360
Listing courtesy of Scott Mcneill of Compass.