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85 Devonshire St 35,672 SF 100% Leased Office Building Boston, MA 02109 For Sale
Investment Highlights
- Tax Abatement: average abatement of up to 75% of fair market assessed residential value for a length of up to 29 years.
- Will also be eligible to receive additional credits through MA State HTC ($800k commitments awarded to date).
Executive Summary
As exclusive listing agent, CBRE Boston Capital Markets ("CBRE") is pleased to offer for sale 85 Devonshire Street ("the Property" or "85 Devonshire") located in the heart of
downtown Boston's Financial District. The offering features an 91,506 square foot office condo that is fully vacant, presenting future ownership tremendous value-add upside
with the opportunity to stabilize the office operations or look to take advantage of the City of Boston's office to residential conversion program, which provides a fast-track
permitting process and significant tax incentives.
downtown Boston's Financial District. The offering features an 91,506 square foot office condo that is fully vacant, presenting future ownership tremendous value-add upside
with the opportunity to stabilize the office operations or look to take advantage of the City of Boston's office to residential conversion program, which provides a fast-track
permitting process and significant tax incentives.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
35,672 SF
Building Class
B
Year Built
1905
Percent Leased
100%
Tenancy
Multiple
Building Height
10 Stories
Typical Floor Size
3,567 SF
Slab To Slab
12’
Building FAR
3.41
Lot Size
0.24 AC
Zoning
C
Amenities
- Bus Line
- Signage
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | CBOS-000000-000003-003902 | Improvements Assessment | $9,549,509 CAD |
| Land Assessment | $5,142,043 CAD | Total Assessment | $14,691,553 CAD |
Property Taxes
Parcel Number
CBOS-000000-000003-003902
Land Assessment
$5,142,043 CAD
Improvements Assessment
$9,549,509 CAD
Total Assessment
$14,691,553 CAD
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85 Devonshire St
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