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363 Centre Street, Boston, ...

Maestro Connections Health System Leases Mixed-Use Space In Boston's Jamaica Plain Neighborhood
LEASEDMixed-use

Maestro Connections Health System Leases Mixed-Use Space In Boston's Jamaica Plain Neighborhood

363 Centre Street, Boston, MA, USA

Building Size

1,300 SF

Asset Type

Mixed-use

Closing

Dec 31, 2020

AI

The mixed-use property located at 363 Centre Street in Boston, MA was recently leased. The lease transaction took place on January 1, 2021. The property is owned by the Jamaica Plain Neighborhood Development Corporation. The tenant, Maestro Connections Health System, will now occupy the space.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Date: January 1, 2021
  • Address: 363 Centre Street, Boston, MA
  • Tenant: Maestro Connections Health System
  • Landlord: Jamaica Plain Neighborhood Development Corporation
  • Broker: Amilton Baptista - Boston Trust Realty Group
  • Asking Rent: $32 per square foot

Amilton Baptista from Boston Trust Realty Group represented the tenant in this lease transaction.

Players

Amilton Baptista

Keller Williams Realty

Broker

$250K

vol

6 deals

Broker
JC
Jamaica Plain Neighborhood Development CorporationLandlord
MS
Maestro Connections Health SystemTenant

Boston Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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