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1991-2013 Massachusetts Ave - St James Place 1,932 SF Office/Retail Condo Unit Offered at $3,489,800 CAD in Cambridge, MA 02140
PROPERTY FACTS
| Total Building Size | 67,790 SF | Typical Floor Size | 16,948 SF |
| Property Type | Multifamily (Condo) | Year Built | 2021 |
| Property Subtype | Apartment | Lot Size | 0.50 AC |
| Building Class | B | Parking Ratio | 0.94/1,000 SF |
| Floors | 4 | ||
| Zoning | C - Commercial | ||
| Total Building Size | 67,790 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 16,948 SF |
| Year Built | 2021 |
| Lot Size | 0.50 AC |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | C - Commercial |
AMENITIES
UNIT AMENITIES
- Balcony
- Disposal
- Fireplace
- Storage Space
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Deck
- Garden
- Intercom
SITE AMENITIES
- Security System
- Guest Apartment
- Package Service
- Bicycle Storage
- Car Charging Station
- Elevator
- Multi Use Room
- Pet Washing Station
1 UNIT AVAILABLE
Unit 1991-1995
| Unit Size | 1,932 SF | Sale Type | Investment |
| Price | $3,489,800 CAD | Cap Rate | 4.80% |
| Price Per SF | $1,806.31 CAD | NOI | $167,510.40 CAD |
| Condo Use | Office/Retail |
| Unit Size | 1,932 SF |
| Price | $3,489,800 CAD |
| Price Per SF | $1,806.31 CAD |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| NOI | $167,510.40 CAD |
DESCRIPTION
788 square foot CSCA Cafe (https://www.cscacafe.com/)
1,144 square foot ArmyCorps of Engineers Office
SALE NOTES
For Sale: Prime Commercial Spaces in Luxury Condo Building
Opportunity knocks with two exceptional commercial spaces for sale, located in a fully sold-out, newly constructed luxury condo building. These prime spaces are anchored by strong, long-term tenants, making them a perfect investment opportunity. The combined asking price for both spaces is $2 million.
Cambridge Culinary School Café
This vibrant café, located within the building, serves as an essential part of the Cambridge Culinary School. The café attracts a steady stream of customers, benefiting from both the school's reputation and the building's upscale residential environment. With a modern and inviting atmosphere, the café boasts a prime location that ensures high foot traffic from residents and visitors alike. As a long-term tenant, this space offers stable rental income and the potential for continued growth as the school's influence expands.
Army Corps of Engineers Office
Leased to the Army Corps of Engineers, this commercial space is occupied by a reliable and established tenant with a long-term lease in place. The office serves as a key government entity within the building, ensuring consistent and secure rental income. The Army Corps of Engineers' presence offers both credibility and stability, making this an attractive space for any investor looking for a low-risk commercial asset.
Both spaces are located in a highly desirable, fully sold-out luxury condo building, offering unparalleled location and long-term value. This is a rare opportunity to secure two income-producing properties with reputable tenants in place. Don’t miss out on this incredible investment opportunity!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 740 - 909 |
| 2+1.5 | 7 | - | 1,049 |
| 2+2 | 20 | - | 1,052 - 1,951 |
| 2+2.5 | 8 | - | 1,761 |
| 2+3 | 5 | - | 1,798 |
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1991-2013 Massachusetts Ave - St James Place
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