Description
4.74% CAP RATE. Fully occupied mixed-use building with 4 apts & 2 retail spaces in the heart of the booming Longwood Medical/Mission Hill biotech cluster. The neighborhood is poised for dramatic increases in rent prices and property values due to more than 5,000,000 square feet of proposed developments within walking distance for research labs, hospital expansions, retail space and residential housing. These developments will bring an influx of high-paying jobs for medical professionals, scientists and hospital workers who need to live near work for their patients and important research projects. (A 68,000sf lab building is planned two doors down) 820-824 Huntington is perfectly positioned to capitalize on this new base of high-earning tenants with three residential units in rentable condition that can be updated to new standards when the time arises, a tenant-at-will retail space paying under-market rent, and a high-quality convenience store tenant with 5 years remaining on the lease
Location
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