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Single-Tenant Office Medical

Family Continuity

29 Bassett Ln, Hyannis, MA 02601

Listing Price: $2,923,200

Cap Rate
7.00%
Tenant Name
FCP, Inc.
Years Remaining On Lease
6.2
Guarantor
Corporate Guarantee
Rentable SF
13,368
Lease Type
Modified Gross
Rent Per Square Feet
$15.31

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Family Continuity office located at 29 Bassett Lane in Hyannis, MA. The property consists of two floors and a basement encompassing 13,368 rentable square feet and is situated on 0.53 acres. Family Continuity’s lease began in 2015 and the tenant recently extended their lease, showing their commitment to this location. The lease currently expires on August 31, 2027. In addition to the primary term, the tenant has one, five-year renewal option. The NOI is $204,624 per year; however, the tenant is currently paying a gross rent of$276,372 per year. Beginning on November 1, 2022, the gross rent decreases to$261,648* as a landlord contribution will be fully paid back. The property is subject to a modified gross lease where the tenant reimburses for all expenses other than repair/maintenance to the roof and the structure of the property.

Investment Highlights

  • Reimbursable Gross Lease with 6.5 Years Remaining
  • Family Continuity is One of the Leading Non-Profit Mental Health and Social Services Agencies in Massachusetts
  • Recent Lease Extension | One, Five Year Tenant Renewal Option Remaining

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4300

    License(s) MA: 1000303

    Massachusetts

Single-Tenant Office Medical

Family Continuity

Listing Price: $2,923,200

Cap Rate
7.00%
Tenant Name
FCP, Inc.
Years Remaining On Lease
6.2
Guarantor
Corporate Guarantee
Rentable SF
13,368
Lease Type
Modified Gross
Rent Per Square Feet
$15.31

Investment Highlights

  • Reimbursable Gross Lease with 6.5 Years Remaining
  • Family Continuity is One of the Leading Non-Profit Mental Health and Social Services Agencies in Massachusetts
  • Recent Lease Extension | One, Five Year Tenant Renewal Option Remaining

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Family Continuity office located at 29 Bassett Lane in Hyannis, MA. The property consists of two floors and a basement encompassing 13,368 rentable square feet and is situated on 0.53 acres. Family Continuity’s lease began in 2015 and the tenant recently extended their lease, showing their commitment to this location. The lease currently expires on August 31, 2027. In addition to the primary term, the tenant has one, five-year renewal option. The NOI is $204,624 per year; however, the tenant is currently paying a gross rent of$276,372 per year. Beginning on November 1, 2022, the gross rent decreases to$261,648* as a landlord contribution will be fully paid back. The property is subject to a modified gross lease where the tenant reimburses for all expenses other than repair/maintenance to the roof and the structure of the property.

Exclusively Listed By

Broker of Record

  • John Horowitz

    First Vice President / District Manager

    (718) 475-4300

    License(s): MA: 1000303

    Massachusetts

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