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308 Congress Street

Carole Charnow Of Boston Children's Museum Leases Commercial Space To The Little Cocoa Bean Co
LEASEDCommercial

Carole Charnow Of Boston Children's Museum Leases Commercial Space To The Little Cocoa Bean Co

308 Congress Street

Building Size

3,000 SF

Asset Type

Commercial

Closing

May 20, 2025

AI

The property involved in this lease transaction is a commercial asset located at 308 Congress Street in Boston, MA. It has a total square footage of 3,000 and is situated within the Boston Children's Museum.

Summary of transation details:

The Tot Café by The Little Cocoa Bean Co. is set to open a location this spring inside the Boston Children's Museum. The lease was brokered by Freudenheim Partners, with Chris Rogers and Ellie Cullinan representing the Museum in this transaction.

Players

Ellen Fantini Cullinan

Freudenheim Partners

Broker

$11.8M

vol

13 deals

Broker

Boston Commercial Market Snapshot

Boundary boundary · Commercial · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93