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458 Salem St 1,000 SF of Retail Space Available in Medford, MA 02155
HIGHLIGHTS
- Steam Heat Included
- Sprinkler system
- Open Access Basement
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 458 | 1,000 SF | 9’ | 1-5 Years | $50.25 CAD/SF/YR $4.19 CAD/SF/MO $50,253 CAD/YR $4,188 CAD/MO | Modified Gross |
1st Floor, Ste 458
The recently vacated, built-out office space is ready for immediate tenants. It has partitioned office space in the central area and a private office in the rear with extra storage. One private bathroom with the space and shared basement storage are also available. The landlord covers heat and property tax (excluding any increases in property tax). Rent is $3,000 per month, with +$100 in annual increases.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Financial Services Office
- Located in-line with other retail
- Space is in Excellent Condition
- Partitioned Offices
- Private Restrooms
- Drop Ceilings
- Recessed Lighting
- Finished Ceilings: 9’
- Ample Street Parking
- Premium Build-Out
- Busy Street
- Glass Storefront
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 1,000 SF | Gross Leasable Area | 17,369 SF |
| Property Type | Retail | Year Built | 1918 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 17,369 SF |
| Year Built | 1918 |
ABOUT THE PROPERTY
The property is across the street from the site of a Target Shopping Center and other retail stores. The Fellsway W @ Salem St bus stop is also across the street. Apartments are above the retail space, making it a great location for any commercial business.
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
Presented by
Marco Realty
458 Salem St
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