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312 Bedford St 15,648 SF 100% Leased Office Building Whitman, MA 02382 $5,300,000 ($338.70/SF) 7.50% Cap Rate



Investment Highlights
- Fully leased to Boston Medical Center Health System under a triple-net lease with corporate guaranty.
- Investment-grade tenant with an S&P credit rating of BBB.
- Positioned near major retailers and amenities, including CVS, Dunkin’, and Stop & Shop.
- More than six years of remaining lease term with 3% annual rent escalations and one five-year renewal option.
- Located on MA Route 18 with 18,227 vehicles per day and excellent regional connectivity.
- Recent capital improvements include new roof, HVAC upgrades, and interior renovations.
Executive Summary
Marcus & Millichap is pleased to present the fee-simple ownership interest at 312 Bedford Street Whitman, MA. This single-tenant medical office property is fully occupied by BMC Health System operating under a triple-net lease structure with 3 percent annual rental increases and one five-year renewal option. There are 6-plus years remaining on the lease term. The lease is backed by a corporate guarantee.
The Boston Medical Center (BMC) Health System operates this primary care outpatient clinic and provides comprehensive primary care and internal medicine services focused on preventive care, chronic disease management, and routine medical treatment for adult patients. The location serves as a community-based healthcare access point for residents of Whitman and surrounding South Shore communities, offering coordinated care in a convenient neighborhood setting.
Boston Medical Center Health System is an academic, nonprofit healthcare network anchored by Boston Medical Center, a 500-plus bed teaching hospital affiliated with Boston University. The system is known for delivering comprehensive clinical care across more than 70 specialties while emphasizing accessible, equitable healthcare for diverse patient populations throughout Massachusetts and New England.
The Whitman facility is part of BMC’s expanding regional network of community medical offices that provide primary care services while connecting patients to the broader resources of the Boston Medical Center Health System, including specialty care, advanced diagnostics, and hospital services across the region.
The property is situated on a 2-plus acre lot with a building footprint of 15,648 square feet. It boasts excellent visibility along Bedford Street (18,227 vehicles per day) and offers ample parking with convenient access. Positioned across from high-traffic retailers such as McDonald’s, Dunkin’, and CVS, the location benefits from strong area traffic. The site is also located on MA Route 18, the primary commercial corridor, providing direct access to Bridgewater to the south. This well-maintained property is a prime location with excellent frontage in a thriving commercial area
The Boston Medical Center (BMC) Health System operates this primary care outpatient clinic and provides comprehensive primary care and internal medicine services focused on preventive care, chronic disease management, and routine medical treatment for adult patients. The location serves as a community-based healthcare access point for residents of Whitman and surrounding South Shore communities, offering coordinated care in a convenient neighborhood setting.
Boston Medical Center Health System is an academic, nonprofit healthcare network anchored by Boston Medical Center, a 500-plus bed teaching hospital affiliated with Boston University. The system is known for delivering comprehensive clinical care across more than 70 specialties while emphasizing accessible, equitable healthcare for diverse patient populations throughout Massachusetts and New England.
The Whitman facility is part of BMC’s expanding regional network of community medical offices that provide primary care services while connecting patients to the broader resources of the Boston Medical Center Health System, including specialty care, advanced diagnostics, and hospital services across the region.
The property is situated on a 2-plus acre lot with a building footprint of 15,648 square feet. It boasts excellent visibility along Bedford Street (18,227 vehicles per day) and offers ample parking with convenient access. Positioned across from high-traffic retailers such as McDonald’s, Dunkin’, and CVS, the location benefits from strong area traffic. The site is also located on MA Route 18, the primary commercial corridor, providing direct access to Bridgewater to the south. This well-maintained property is a prime location with excellent frontage in a thriving commercial area
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
15,648 SF
Building Class
B
Year Built/Renovated
1970/2013
Price
$5,300,000
Price Per SF
$338.70
Cap Rate
7.50%
NOI
$397,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,594 SF
Building FAR
0.20
Lot Size
1.84 AC
Zoning
HB
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | WHIT-000022D-000002-000003 | Improvements Assessment | $1,680,200 |
| Land Assessment | $295,200 | Total Assessment | $1,975,400 |
Property Taxes
Parcel Number
WHIT-000022D-000002-000003
Land Assessment
$295,200
Improvements Assessment
$1,680,200
Total Assessment
$1,975,400
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