345 Trapelo Rd
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345 Trapelo Rd
4,800 SF 40% Leased Office Building Belmont, MA 02478 £1,412,984 (£294/SF) 6.30% Net Initial Yield
Investment Highlights
- HEAVY Traffic count
- Completely renovated 2015
- Amazing open space with high ceilings
Executive Summary
LOCATION! LOCATION! LOCATION! Tenanted with Semi-Net lease in place for lower level -tenant pay utilities & maintenance- owner pays taxes & insurance. Entry area & Upstairs is currently vacant listed for lease - estimated rent at $2.25 = $6,500 a month NNN -total of 2895 OPEN square feet with high ceilings, Remodeled in 2015 to include hardwood floors, acoustic ceiling with built in sound system and recess lighting. Central air and a handicap elevator - lift. Grand wide stairs lead up to the unit. with 2 Handicap accessible bathrooms, Storage and office space included. Downstairs is a food laboratory VERY long-term tenant with 7 years remaining and would like to stay. Comes with storage area, 2 offices & 2 more bathrooms. Amazing location 2 doors down from Dunkin Donuts close to public transportation.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£100,489
|
£20.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£100,489
|
£20.94
|
| Taxes |
£7,349
|
£1.53
|
| Operating Expenses |
£2,528
|
£0.53
|
| Total Expenses |
£9,877
|
£2.06
|
| Net Operating Income |
£90,612
|
£18.88
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £100,489 |
| Annual Per SF | £20.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £100,489 |
| Annual Per SF | £20.94 |
| Taxes | |
|---|---|
| Annual | £7,349 |
| Annual Per SF | £1.53 |
| Operating Expenses | |
|---|---|
| Annual | £2,528 |
| Annual Per SF | £0.53 |
| Total Expenses | |
|---|---|
| Annual | £9,877 |
| Annual Per SF | £2.06 |
| Net Operating Income | |
|---|---|
| Annual | £90,612 |
| Annual Per SF | £18.88 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
4,800 SF
Building Class
C
Year Built/Renovated
1975/2015
Price
£1,412,984
Price Per SF
£294
Net Initial Yield
6.30%
NOI
£89,018
Percent Leased
40%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
2,200 SF
Building FAR
1.00
Land Acres
0.11 AC
Zoning
LB3
Parking
3 Spaces (0.63 Spaces per 1,000 SF Leased)
Amenities
- Bio-Tech/ Lab Space
- Bus Route
- Signage
- Central Heating
- High Ceilings
- Lift Access
- Natural Light
- Recessed Lighting
- Suspended Ceilings
- Wooden Floors
- Air Conditioning
1 of 1
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | BELM-000014-000065 | Total Assessment | £691,577 |
| Land Assessment | £609,153 | Annual Taxes | £7,349 (£1.53/sf) |
| Improvements Assessment | £82,424 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
BELM-000014-000065
Land Assessment
£609,153
Improvements Assessment
£82,424
Total Assessment
£691,577
Annual Taxes
£7,349 (£1.53/sf)
Tax Year
2024
-
OREN MAEL - Sapphire Real Estate
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345 Trapelo Rd
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