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:
- Property Type: Commercial
- Transaction Amount: Not specified
- Address: 308 Congress Street
- Market: Boston, MA
- Landlord: Carole Charnow - Boston Children’s Museum
- Tenant: Tracy Skelly - The Little Cocoa Bean Co
- Brokers: Chris Rogers & Ellie Cullinan - Freudenheim Partners
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
Boston Commercial Market Snapshot
Boundary boundary · Commercial · Lease transactions
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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