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1408 Centre Street, Roslindale, MA

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1408 Centre Street

Roslindale, MA 02131 - South Suffolk County Submarket


Property Type:Office Sub Type:Office with street-level Retail Status:Existing Year Built:1935
Stories:2 Typical Floor:3,000 SF Building Size:6,000 SF
For Sale Price:$995,000 Price/SF:$165.83
Cap Rate:8.35 %
Parking:Free Surface spaces are available Amenities:Bus Line, Signage


This ten unit stucco/brick building, consists of 2-retail units and 1 office unit on the first floor and 7-office units on the second level.

This building also has two billboard renters, which includes Clear Channel with a 10 year lease and T-Mobile. Both Billboard leases have rent increases annually. The Clear Channel Billboard has the highest potential for greater increase in rent at the end of the lease term.

The heat is by oil with one boiler and 6 zoned forced hot water paid by owner. The building electrical has two zones and is all new with updated circuit breakers. The rubber roof is less than 10 years old.

The two retail units contribute towards electric and heating costs. Seven of the units contribute to the real estate tax, if there are any increases.

Sale Notes:
This ten unit stucco/brick building, consists of 2-retail units and 1 office unit on the first floor and 7-office units on the second level.

This building also has two billboard renters, which includes Clear Channel with a 10 year lease and T-Mobile. Both Billboard leases have rent increases annually. The Clear Channel Billboard has the highest potential for greater increase in rent at the end of the lease term.

The heat is by oil with one boiler and 6 zoned forced hot water paid by owner. The building electrical has two zones and is all new with updated circuit breakers. The rubber roof is less than 10 years old.

The two retail units contribute towards electric and heating costs. Seven of the units contribute to the real estate tax, if there are any increases.

Partners Investment Properties
Joseph Cawley
(781) 974-9189




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