Investment Summary
| Property: | Acquired 100% occupied, a two building, multi-tenanted flex portfolio, totaling 134,404 SF situated on 19 acres. |
| Pricing: |
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| Strategy: | Cash flow a Class A flex/office portfolio with a diversified tenant base and a long history of occupancy in a high demand market with limited vacancy. |
Opportunity / Highlights
- 100% leased to a diverse tenant base with a manageable rent roll providing a 10% average annual cash yield
- Well located, high quality single story flex assets such as these are in high demand due to a limited supply in the sub-market
- Tenants are long term focused and have invested significant capital and technology in their spaces including lab space, clean rooms, precision manufacturing, training facilitates, assembly and distribution
- Centrally located at intersection of I-495 and I-90 with providing access to the highly educated and skilled metro west Boston employee base employed by these tenants
- Flex/office assets provide tenants flexibility and functionality at a much lower rental rate than traditional office properties