29-35 Temple Place is a 26,600 square foot, 100% leased mixed-use - residential over retail – building located in the heart of downtown Boston. The property is located in the vibrant Downtown Crossing neighborhood, and is central to Boston’s top employment districts, tourist attractions and daytime & evening amenities, restaurants and shops in the Financial District, Theater District, Back Bay and beyond. Public transit to the building is unrivaled, with multiple transit lines (Orange, Green, Red) within a short walk of the building.
29-35 Temple Place is designated with a Lodging License for 48 rooms, and the residential component (2nd through 6th floors) of the building is currently leased to STR Management, a short-term housing operator at a significantly below-market rent.The retail component (1st floor and lower level) is home to Democracy Brewing, a restaurant, brewery and taproom, on a long-term net lease through 2028. The property offers stable cash flow from these leases as well as significant upside potential in the lodging license as the City of Boston’s recently passed restrictions on short term rentals are implemented. 29-35 Temple Place is available on an “as-is” basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials.
