News:
Owners Developers & Managers
Posted: October 16, 2015
Boston Realty Advisors retained to sell 11-unit 465 Columbia Road, Boston
Dorchester, MA Boston Realty Advisors (BRA) has been exclusively retained to market 465 Columbia Rd., a master-leased 11-unit apartment building in Boston’s Upham’s Corner neighborhood.
465 Columbia Rd. is located in the city’s Upham’s Corner neighborhood proximate to Dudley Sq., Savin Hill, Harbor Point and the South Bay Center. This transforming submarket is anchored by its access to both the Upham’s Corner MBTA commuter rail station and the Savin Hill MBTA Red Line station providing access to South Station, Downtown Crossing, MGH and Kendall Sq. 465 Columbia Rd. benefits from a presence on Columbia Rd. and Dorchester Ave., two of the neighborhoods main commercial corridors offering residents an amenity-rich environment featuring a mix of local retail and entertainment options.
465 Columbia Road - Dorchester, MA465 Columbia Rd. is a three story, 11-unit building with a single office space on ground level.
The asset is master leased for ten (10) years to the Pine Street Inn, one of Boston’s largest non-profit landlords. This provides a ten-year, net lease with guaranteed income and incremental rent increases every two years. The building has undergone an extensive capital improvement program including installation of vinyl floors, updated kitchens with stainless steel appliances, fire-life safety systems, washer/dryers, and a new roof.
BRA is offering this unique investment opportunity for sale on an un-priced basis. For more information please visit 465columbia.com.
BRA is a privately held commercial brokerage firm based in Boston, Massachusetts. BRA specializes in the sale and leasing of investment and commercial properties throughout New England.
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