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Investment Highlights

  • 4-unit office condo investment (~2,516 SF total)
  • Route 1 location with strong visibility and access
  • Private half baths in each unit
  • Unit sizes: ~600–700 SF (high-demand small office footprint)
  • Ample on-site parking
  • All tenants TAW (flexibility for repositioning)

Executive Summary

This offering presents a rare opportunity to acquire a 4-unit office condo portfolio located on highly visible Route 1 in Topsfield, MA. The property consists of approximately 2,516 square feet across four units, each ranging from 600–700 square feet.
The asset is currently generating stable in-place income with three occupied units and one vacant unit, while offering significant upside through rent increases and lease restructuring.
All existing tenants are Tenants At Will (TAW), providing flexibility for a new owner to reposition the asset and align rents with market levels.
Small-format office spaces in this size range remain in consistent demand from professional users, making this an ideal opportunity for investors seeking a low-complexity, value-add asset with strong leasing fundamentals. Cannot be used for retail or residential.
IDEAL TENANT PROFILE
Therapists / counselors
Attorneys / accountants
Mortgage / insurance professionals
Wellness users (massage, acupuncture)
Real estate / satellite offices
Small business operators
Internet Businesses
INVESTMENT SUMMARY
This is a straightforward, value-add office investment offering:
Stable in-place income
Immediate rental upside
Flexible lease structure (TAW)
Strong demand for small professional spaces
The property is well-positioned for an investor to increase NOI and drive value through active management and leasing strategy.

Data Room Click Here to Access

Taxes & Operating Expenses (Pro Forma - 2026)

Annual (CAD)
Gross Rental Income $56,736
Other Income -
Vacancy Loss -
Effective Gross Income $56,736
Taxes $7,502
Operating Expenses $20,024
Total Expenses $27,527
Net Operating Income $29,209

Taxes & Operating Expenses (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $56,736
Other Income (CAD)
Annual -
Vacancy Loss (CAD)
Annual -
Effective Gross Income (CAD)
Annual $56,736
Taxes (CAD)
Annual $7,502
Operating Expenses (CAD)
Annual $20,024
Total Expenses (CAD)
Annual $27,527
Net Operating Income (CAD)
Annual $29,209

Property Facts

Price $365,113 CAD
Price / SF $145.12 CAD / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 8%
Sale Type Investment or Owner User
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 2,516 SF

Properties

Property Name / Address Property Type Size Year Built Individual Price
218 Boston St, Topsfield, MA 01983 Office Condo 701 SF 1987 -
218 Boston St, 1st Floor - Unit 104, Topsfield, MA 01983 Office Condo 673 SF 1987 -
218 Boston St, Topsfield, MA 01983 Office Condo 602 SF 1987 -
218 Boston St, Topsfield, MA 01983 Office Condo 540 SF 1987 -
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  • Listing ID: 39931321

  • Date on Market: 2026-03-27

  • Last Updated:

  • Address: 4 Office Condos - 218 Boston Street, Topsfield, MA

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