Investment Overview
• Long Term Lease
Tenant is Department of Children, Youth, and Families. Tenant has been in the property since 2001 and signed a renewal in 2021, ending in 2026. Tenant has additional options to renew.
• Tenant Responsibilities
Tenant pays for water, sewer, garbage, electricity, natural gas and janitorial.
• Landlord Responsibilities
Property taxes, property assessments, insurance, landscaping and building maintenance & repairs.
Investment Highlights
- Near public transit
- Direct access to Galvin Road
- Roof was replaced in 2016 and resealed in 2021
- Exterior paint was renewed in 2022
- Parking lot was seal coated and restriped in 2021