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Single-Tenant Office

The Smile Institute Office Condo

1842 Beacon St, Brookline, MA 02445

Listing Price: $1,711,435

Cap Rate
5.00%
Tenant Name
The Smile Institute
Years Remaining On Lease
6.9
Guarantor
Personal Guarantee
Rentable SF
1,928
Lease Type
Double Net
Rent Per Square Feet
$50.88

Investment Overview

Marcus & Millichap is pleased to exclusively present this Medical office condo located at 1842 Beacon St., Suite. 401, Brookline MA. The property is in the heart of Brookline, nestled in a dense residential area at the intersection of Beacon St and Englewood Ave, just steps from Coolidge Corner and directly across the street from the Englewood Avenue MBTA stop, making it easily accessible to residents throughout greater Boston. This medical condo has recently been renovated, and now contains state-of- the-art equipment, a conference room, an employee lounge, and two private bathrooms, a rarity in suites of this nature. The suite also includes a separate storage room and two covered parking spaces in the garage below the building. In 2019, The Smile Institute signed a ten-year lease with two five- year options that features annual 2.5% increases throughout the base and option terms. The property is situated in one of the most desirable locations in the Boston MSA, with Boston University, Boston College and many other prestigious schools located just steps away. There are nearly a million residents within five miles of the site, with an average household income of more than $126,000 per year.

Investment Highlights

  • Located in one of the most affluent communities in the greater Boston MSA
  • Newly renovated suite outfitted with state-of-the-art equipment
  • 10-year lease with 2.5% annual increases signed in 2019
  • Nearly 1 million residents with an AHHI >$136,000 within 5 miles of the site
  • Suite includes (2) private bathrooms, separate storage space and (2) covered parking spaces
  • Directly across from MBTA's Englewood Ave stop
  • In the heart of several prestigious colleges

Exclusively Listed By

Financing By

Single-Tenant Office

The Smile Institute Office Condo

Listing Price: $1,711,435

Cap Rate
5.00%
Tenant Name
The Smile Institute
Years Remaining On Lease
6.9
Guarantor
Personal Guarantee
Rentable SF
1,928
Lease Type
Double Net
Rent Per Square Feet
$50.88

Investment Highlights

  • Located in one of the most affluent communities in the greater Boston MSA
  • Newly renovated suite outfitted with state-of-the-art equipment
  • 10-year lease with 2.5% annual increases signed in 2019
  • Nearly 1 million residents with an AHHI >$136,000 within 5 miles of the site
  • Suite includes (2) private bathrooms, separate storage space and (2) covered parking spaces
  • Directly across from MBTA's Englewood Ave stop
  • In the heart of several prestigious colleges

Investment Overview

Marcus & Millichap is pleased to exclusively present this Medical office condo located at 1842 Beacon St., Suite. 401, Brookline MA. The property is in the heart of Brookline, nestled in a dense residential area at the intersection of Beacon St and Englewood Ave, just steps from Coolidge Corner and directly across the street from the Englewood Avenue MBTA stop, making it easily accessible to residents throughout greater Boston. This medical condo has recently been renovated, and now contains state-of- the-art equipment, a conference room, an employee lounge, and two private bathrooms, a rarity in suites of this nature. The suite also includes a separate storage room and two covered parking spaces in the garage below the building. In 2019, The Smile Institute signed a ten-year lease with two five- year options that features annual 2.5% increases throughout the base and option terms. The property is situated in one of the most desirable locations in the Boston MSA, with Boston University, Boston College and many other prestigious schools located just steps away. There are nearly a million residents within five miles of the site, with an average household income of more than $126,000 per year.

Exclusively Listed By

Financing By

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