345 Trapelo Rd - Loft/Creative Space FOR SALE


Belmont, MA 02478- Waverly Square
$1,750,000 USD
617-905-7172
345 Trapelo Rd, Belmont, MA for Sale
$1,750,000 USD
Loft/Creative Space - FOR SALE
1/9
null | 6.57% Cap Rate

345 Trapelo Rd
Belmont, MA 02478
Waverly Square


HIGHLIGHTS

  • HEAVY Traffic count
  • Amazing open space with high ceilings
  • Completely renovated 2015

OVERVIEW

LOCATION! LOCATION! LOCATION! NOW FULLY TENANTED! Upstairs & Entry area NNN leased at $2.25/sqft $6500 monthly, Downstairs Semi-net at $3,500 monthly. Upstairs Tenant pays 60% of taxes and Insurance. Remodeled in 2015 to include hardwood floors, acoustic ceiling with built in sound system and recess lighting. Central air and a handicap elevator - lift. Grand wide stairs lead up to the unit. with 2 bathrooms, Storage and office space included. Downstairs is a food laboratory VERY long-term tenant with 7 years remaining and would like to stay. Semi-Net lease in place-tenant pays utilities & maintenance. Comes with storage area, 2 offices & 2 more bathrooms. Amazing location 2 doors down from Dunkin Donuts close to public transportation. Building needs nothing. Tenant responsible for fire alarm. Landlord's operating expense is only 40% of taxes and insurance!

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

6.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Day Care Center, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

LB3

APN/PARCEL ID

BELM-000014-000065

ASK ABOUT THIS PROPERTY

Oren MaelSAPPHIRE REAL ESTATEMore Info
617-905-7172

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Oren MaelSAPPHIRE REAL ESTATEMore Info
617-905-7172

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.