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4 Office Condos - 218 Boston Street 4 Office Condos Offered at $365,113 CAD in Topsfield, MA



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.
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
- Operating and Financials
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 | Status | Active |
| Price / SF | $145.12 CAD / SF | Number of Properties | 4 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 2,516 SF |
| Sale Type | Investment or Owner User |
| 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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4 Office Condos - 218 Boston Street
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