70 Simarano Dr - Day Care Center FOR SALE


Marlborough, MA 01752
$4,739,000 USD
508-272-0585
70 Simarano Dr, Marlborough, MA for Sale
$4,739,000 USD
Day Care Center - FOR SALE
1/3
null | 6.5% Cap Rate

70 Simarano Dr
Marlborough, MA 01752


OVERVIEW

Atlantic Capital Partners is pleased to exclusively present The Learning Experience in Marlborough, MA for sale. This 10,000-square-foot built to suit asset has been occupied by The Learning Experience since December 2016. Located at 70 Simarano Drive, the property benefits from close proximity to Route 20 in a dynamic regional retail market serving suburban communities west of Boston. The Learning Experience operates under a 20-year lease that began in 2016, featuring two (2) five-year renewal options. The current annual rent of $308,000 is subject to a 12% increase every five years, with the next escalation scheduled for January 2027, bringing the NOI to $344,960. This offering presents an excellent opportunity to acquire a stable, long-term investment with a nationally recognized tenant in a thriving retail corridor.

FOR SALE DETAILS

PRICE

$4,739,000 USD

PRICE/SF

$474 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Learning Experience

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

-

APN/PARCEL ID

MARL-000100-000001A

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.