This is a multi-tenant value-add opportunity. The 8,728 SF office condominium at Cambridge Hall is already divided into three separate suites. That gives you a proven multi-tenant setup: the two north suites have been leased before, and the larger main suite was a medical practice. All three are vacant, so you control the lease-up and can set rents at market from day one.
At under $84/SF, your basis is low in a submarket where comparable Class B/C office space is asking roughly $12–$20/SF per year. Spreading income across three tenants reduces the risk of relying on a single tenant, and the medical-ready main suite appeals to healthcare users, a sector known for sticky, long-term tenancies. The upside comes from light cosmetic work (ceilings, flooring, paint) and leasing. Common restrooms and 49 parking spaces support multiple tenants. The schedule of expenses and floor plan are available upon request.