Summer Street Commercial

  • Title

    Commercial Property

  • City

    Franklin, MA

  • Price

    $2,950,000

  • Cap Rate

    7.1%

  • Gross Leasable Area

    .26 AC

  • Occupancy

    16 Tenants

  • Price/SF

    $161.03

  • No. Stories

    4

  • Year Built

    2006

Not found amenities.

Northeast Private Client Group is pleased to present the Summer Street Mixed-use, a 16,100 +/- office & retail property located at 9 Summer Street in Franklin, Massachusetts.

The Summer Street Mixed-use is comprised of four retail tenants and eleven office tenants. The property is one of three buildings in a condominium association all of which share the abutting parking lot. The condo fees take care of all exterior maintenance and services of the property including: snow & landscape, trash removal, and maintenance of lights, stairs, parking lot, etc.

The owner is responsible for electricity, gas, and water & sewer. However, each tenant is responsible for a portion of CAM reimbursements as well as Real Estate Tax reimbursement. Amenities include: garage covered parking, ample off-street parking, elevator (handicap accessible), downtown Franklin location, 2006 construction.

All qualified and interested parties will have the opportunity to tour the property during scheduled appointments.

Summer Street Commercial Offering Memo