Asking Price S$2,740,000
Sq. Footage 3,022
NOI Net Operating Income S$165,600
Cap Rate 6.04%

Attributes

Year Built 2019
Lot Size 0.41 ACRES

Property Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to market 260 Beacon Street (the “Property”), a brand-new, 3,000 SF retail condo located in the heart of Somerville and within 1.0 mile of the areas’ most populated town squares; Harvard Square, Union Square, Porter Square and Davis Square. Located along one of the busiest commuter bike lanes in the state and in one of the fastest-growing neighborhoods in metropolitan Boston, 260 Beacon is a generational investment.


The ground floor retail is currently 100% occupied by today’s urban Investors’ soup du jour - a popular fitness barre studio (Barre3) and aesthetician (Brows by Renata), ideal tenancy for today’s urban consumer.

Investment Highlights

·       Rare urban asset in Greater Boston

·       Brand new NNN leases with fitness studio and salon - both experienced operators

·       Commercial condo below a new construction, high-end 17-unit condo development

·       Located near Harvard University, MIT, and Tufts University

·       Affluent area with HH incomes of nearly $120,000

·       High-growth submarket - Somerville has experienced 15% population growth over the last 10 years

Eric Suffoletto
Eric Suffoletto
EVP, Capital Markets
Licensed in
IL - 475.14702

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.