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616-620 Cambridge Street, East Cambridge, MA 620 Cambridge St 8,201 SF 100% Leased Retail Building East Cambridge, MA 02141 $6,068,836 CAD ($740.01 CAD/SF) 6.04% Cap Rate
Investment Highlights
- Rarely available fully occupied mixed-use investment property in East Cambridge, MA
Executive Summary
INVESTMENT HIGHLIGHTS
THE ASSET: 616-620 Cambridge Street in East Cambridge is a FULLY OCCUPIED two-story fully-occupied mixed-use building (8,201SF) comprised of four (4), 2-Bedroom/1-Bathroom units above two (2), retail units, as follows: Retail Unit #1: City Liquors--a popular and well established liquor store
New Restaurant Unit #2: Senmi Ramen--tenant built-out new restaurant/new lease. The East Cambridge outlook remains bright as rental demand continues at a steady rate.
PRIME EAST CAMBRIDGE NEIGHBORHOOD: 616-620 Cambridge Street is located in East Cambridge, MA, one of the most desirable and supply-constrained urban neighborhoods. The area is characterized by dense residential development, strong demographics, and a vibrant mix of neighborhood retail, dining and within walking distance to many convenience-oriented businesses.
THE ASSET: 616-620 Cambridge Street in East Cambridge is a FULLY OCCUPIED two-story fully-occupied mixed-use building (8,201SF) comprised of four (4), 2-Bedroom/1-Bathroom units above two (2), retail units, as follows: Retail Unit #1: City Liquors--a popular and well established liquor store
New Restaurant Unit #2: Senmi Ramen--tenant built-out new restaurant/new lease. The East Cambridge outlook remains bright as rental demand continues at a steady rate.
PRIME EAST CAMBRIDGE NEIGHBORHOOD: 616-620 Cambridge Street is located in East Cambridge, MA, one of the most desirable and supply-constrained urban neighborhoods. The area is characterized by dense residential development, strong demographics, and a vibrant mix of neighborhood retail, dining and within walking distance to many convenience-oriented businesses.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,201 SF
Building Class
C
Year Built
1950
Price
$6,068,836 CAD
Price Per SF
$740.01 CAD
Cap Rate
6.04%
NOI
$366,747 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.31
Lot Size
0.14 AC
Zoning
BA, Cambridge--Up zoning* - BA
Frontage
144’ on Cambridge Street
Amenities
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Senmi Ramen
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Senmi Ramen | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (77)
Bike Score®
Biker's Paradise (95)
Nearby Major Retailers
Property Taxes
| Parcel Number | CAMB-000034-000000-000008 | Improvements Assessment | $2,116,471 CAD |
| Land Assessment | $1,146,213 CAD | Total Assessment | $3,262,684 CAD |
Property Taxes
Parcel Number
CAMB-000034-000000-000008
Land Assessment
$1,146,213 CAD
Improvements Assessment
$2,116,471 CAD
Total Assessment
$3,262,684 CAD
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616-620 Cambridge Street, East Cambridge, MA | 620 Cambridge St
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