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
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