1073 Pleasant Street, Brockton, MA for sale

Investment Overview

Boston Realty Advisors is pleased to present 1073 Pleasant Street, a fully leased, single-tenant medical office building offering immediate in-place income and development upside in Brockton, Massachusetts. The one-story, 8,644-square-foot building was built in 1994 and sits on a corner lot at a signalized intersection on Pleasant Street, with ample on-site parking. It is 100% leased to BMC Affiliated Physicians, Inc., an affiliate of Boston Medical Center, under a triple net lease in which the tenant pays its share of real estate taxes, insurance, utilities, and common area costs. The lease includes two one-year renewal options. The property is 0.9 miles from BMC South, formerly Good Samaritan Medical Center, a 224-bed acute-care hospital that is now part of the Boston Medical Center Health System. Route 24 is within half a mile, and Westgate Mall, a regional shopping center, is 1.5 miles away, giving the tenant’s staff and patients quick access to the hospital, the highway, and everyday shopping and dining. The parcel is zoned C1, which permits general commercial, retail, office, and medical office uses and allows a floor area ratio of up to 0.75. The existing building uses only about 0.16, leaving room for expansion or an additional building, subject to approvals. The offer combines in-place medical tenancy, a hospital-adjacent corner location, and room to grow.

Investment Highlights

• Fully Leased — A single medical tenant occupies 100% of the 8,644-square-foot building.
• 24
• Pleasant Street
• Strong Medical Tenant — BMC Affiliated Physicians, Inc. is an affiliate of Boston Medical Center, New England's largest safety-net hospital, and
• operates 0.9 miles from BMC South.
• Triple Net Lease — The tenant pays its share of taxes, insurance, utilities, and common area costs, with two one-year renewal options in place.
• Development Upside — C1 zoning allows a floor area ratio of up to 0.75, while the existing building uses about 0.16, leaving room for expansion or
• an additional building, subject to approvals.
• Corner Location — The property sits on a corner at a signalized intersection with ample on-site parking.
• Flexible Zoning — The C1 district permits general commercial, retail, office, and medical office uses