508-317-4253
85 Devonshire St, Boston, MA for Sale
Office - FOR SALE
1/16
null | Request Cap Rate

85 Devonshire St
Boston, MA 02109
Financial District


HIGHLIGHTS

  • Tax Abatement: average abatement of up to 75% of fair market assessed residential value for a length of up to 29 years.
  • Will also be eligible to receive additional credits through MA State HTC ($800k commitments awarded to date).

OVERVIEW

As exclusive listing agent, CBRE Boston Capital Markets ("CBRE") is pleased to offer for sale 85 Devonshire Street ("the Property" or "85 Devonshire") located in the heart of downtown Boston's Financial District. The offering features an 91,506 square foot office condo that is fully vacant, presenting future ownership tremendous value-add upside with the opportunity to stabilize the office operations or look to take advantage of the City of Boston's office to residential conversion program, which provides a fast-track permitting process and significant tax incentives.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

10

BUILDING CLASS

B

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

C

APN/PARCEL ID

CBOS-000000-000003-003902

ASK ABOUT THIS PROPERTY

Scott DragosCBRE Inc.More Info
508-317-4253

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Scott DragosCBRE Inc.More Info
508-317-4253

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