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384 Warren Street 384 Warren St 30,500 SF 100% Leased Retail Building Roxbury, MA 02119 $8,114,330 ($266.04/SF) 7.50% Cap Rate



Investment Highlights
- ATTRACTIVE RENT INCREASES
- VALUE-ADD POTENTIAL
- HIGH TRAFFIC COUNTS
- OPERATING EXPENSE PROTECTION
- CONVENIENT LOCATION
- STRONG DEMOGRAPHICS
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 384 Warren Street in Boston, Massachusetts (“the Property”). The Property consists of a well-maintained three-story commercial building containing a total of three (3) units within 30,500 square feet on a 0.38-acre parcel of land. The Property is 100% leased to a complimentary mix of tenants including Dollar Country, Boston Public Schools, and Higher Ground. Each of the Tenants reimburse their pro rata share of real estate taxes, insurance and common area maintenance, and two of the three tenants have scheduled rental increases in both their primary lease terms and renewal options.
Located in Boston’s Roxbury neighborhood, 384 Warren Street offers convenient access to Brookline, Back Bay, South Boston, Downtown Boston, Northeastern University, UMass Boston, several T Stations (Orange Line – Jackson Square Station and Uphams Corner MBTA Station - Fairmont, Franklin/Foxboro & Providence Stoughton Lines (both 1 mile away). Adding to the area’s appeal is the proximity to schools, highways, entertainment venues, retailers, and restaurants. 384 Warren Street offers the opportunity to acquire a well-located asset in one of the strongest real estate markets in a region that is poised for future growth.
Located in Boston’s Roxbury neighborhood, 384 Warren Street offers convenient access to Brookline, Back Bay, South Boston, Downtown Boston, Northeastern University, UMass Boston, several T Stations (Orange Line – Jackson Square Station and Uphams Corner MBTA Station - Fairmont, Franklin/Foxboro & Providence Stoughton Lines (both 1 mile away). Adding to the area’s appeal is the proximity to schools, highways, entertainment venues, retailers, and restaurants. 384 Warren Street offers the opportunity to acquire a well-located asset in one of the strongest real estate markets in a region that is poised for future growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
30,500 SF
Building Class
C
Year Built
1920
Price
$8,114,330
Price Per SF
$266.04
Cap Rate
7.50%
NOI
$608,575
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.84
Lot Size
0.38 AC
Zoning
C
Frontage
93’ on Warren St
Amenities
- Signage
- Signalized Intersection
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | ROXB-000000-000012-000967 | Improvements Assessment | $1,893,600 |
| Land Assessment | $1,168,100 | Total Assessment | $3,061,700 |
Property Taxes
Parcel Number
ROXB-000000-000012-000967
Land Assessment
$1,168,100
Improvements Assessment
$1,893,600
Total Assessment
$3,061,700
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