20 Melrose St
Boston, MA 02116
Office Property For Sale

Turn Key NNN ...Bay Village! 5% cap! Loft-like, well-appointed office space distributed over 3 floors with conf room, reception area w/ 11 private offices plus ample storage space. Two deeded parking spaces inc in sale. 2.5 years remaining on lease 2% bumps then full market option. Substantial renovations to property's interior as well as roof and AC system. Steps to Back Bay and S End shops and restaurants. Free standing one tenant building on a quiet street. Property is 1 of only a 2 unit condo assoc shared with the building at 39 church. the buildings share a rear egress. The property leasable sf includes an additional approx 1300 sf (5300 sf) of common areas w/ 2 sets of bathrooms located on 2 floors shared w/ 39 church and 4002 sf of deeded private office space. Rental bumps yearly. Property is zoned for Residential or Commercial and could be converted back to a single family or multiple apartments down the road and or potential 3rd fl addition Over $160k of the lease is securitized.