Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Commonwealth of Massachusetts Department of Children And Families (DCF) located at 328-330 Cambridge Street in Burlington, Massachusetts. The site consists of roughly, 21,000 rentable square feet of building space, of which 18,553 is usable) on an estimated 3.53-acre parcel of land. DCF is subject to a 10-year net reimbursable lease where the tenant reimburses the landlord as additional rent for nearly all expenses (see pages 6-7 for lease abstract. The lease commenced on September 14, 2020 and expires in September 2030. The current annual rent is $925,000 and is scheduled to increase by two percent (2%) in year 6. In the lease it was determined that the operating expense reimbursement shall equal $163,500, however if the expenses are higher the reimbursement will increase each year. The tenant is responsible for taxes, utilities, insurance, parking/landscaping, and general maintenance of the property while the landlord is responsible for roof/structure, however the property was recently constructed and there is a 20-year assignable roof warranty.