MIXED-USE BRICK & BEAM ASSET
Boston Realty Advisors is exclusively retained to sell 10 City Square, a rare opportunity to acquire an iconic mixed-use property located in Charlestown, Massachusetts. This historic brick-and-beam building includes five floors of office above the ground floor retail space occupied by Legal Sea Foods. Currently 100% leased to eight tenants, 10 City Square offers investors the ability to grow net operating income through lease-up in a rapidly improving submarket.
For more information please visit 10CitySquare.com
- Dynamic Submarkets
The neighborhood will directly benefit from over 1.8 million square foot mixed-use development in North Station which is located just a short walk to 10 City Square. Additionally, due to its proximity to Downtown, the submarket continues to attract small and medium size business as well as multinational and institutional companies.
- Building Efficiency
10 City Square features full floor tenancy on all floors except for the ground floor retail and fourth floor. Full floor tenancy allows for extremely efficient rentable square footage.
- Stable Income & Upside Potential
Strong in place income from longer term tenancy offers investors stable cash flow with the ability to grow net operating income with lease roll over the next two years.
- Transit Oriented
Unmistakable at the entry of Charlestown, 10 City Square is seamlessly connected to major highway systems such as I-93 and in close proximity to MBTA T and Commuter Rail stops along with multiple bus lines and Hubway stations.