Office•Office Building•For Sale

Burlington Professional Building

83 Cambridge Street, Burlington, Massachusetts 01803

Sale Price Market
Sale Type Investment
Zoning BG General Business
Bldg Type Multi-Tenant
Class B
Status Existing
Year Built 1982
Year Renovated 2019
Stories 3
Cap Rate 6.61%
Vacancy 100%
Gross Bldg 24,645 SqFt
RBA 24,000 SqFt
Land Area 1.3 Acres
Avail Parking 3/1000SqFt
Net Op Inc $370,000
Sub-Market Burlington/Woburn Submarket
New to market, 83 Cambridge Street is a 3 story, 24,000 square foot professional office building located in the hub of Burlington's amenity rich office district. This fully occupied office building produces strong cash flows with rental growth upside in one of 128's strongest office markets. 83 Cambridge street is home to 13 tenants ranging from medical professionals to financial professionals. Over the past 5 years, the property has undergone extensive renovations including a new roof (2015), renovated lobby, regraded and paved parking lot (2018), upgraded facade, brickwork, new exterior signage, electrical upgrades, new HVAC and more. The building features ample parking, an elevator and artfully designed common areas. Conveniently located 1 minute from Route I-95 along Burlington's busy Cambridge Street, providing high visibility and easy access. Call MANSARD to schedule your complimentary tour today. Strategically located on Route 3A in Burlington with nearly immediate access to Routes 128, 93 and 3. Tenants of this Burlington office property enjoy amenity rich Mall Road and Middlesex Turnpike, including the Burlington Mall, Capital Grille, Del Friscos, The Bancroft, Wegmans, Kings and more. Located directly across the street from L'Andana and Mercedes-Benz of Burlington.
  • 100% occupied building producing strong cash flows
  • Newly renovated parking lot, roof, lobby, facade & more
  • Traffic count: 34,000 +/- vehicles per day
  • 100+ restaurants within a 3 mile radius
  • Professionally managed by Dartmouth Company
8/6/2019 9:34:16 PM 11/23/2019 7:23:31 PM
Jeremy Cyrier, CCIM
Strategic Investment Sales Advisor
Mansard

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