10,471 Square Foot, 60% occupied, multi-tenant Medical office/ Flex Condominium located in a rapidly growing MSA of Boston , MA. 400 Commonwealth otherwise known as The Somerset building is ideally located adjacent to the Back Bay and Fenway . With Easy access to everything the Boston Metro area has to offer.This asset is a great owner/user opportunity and also gives investors the opportunity to purchase at a significant discount with a huge value add opportunity through soft repositioning and long term leasing strategies.The Unit was previously occupied by multiple medical and wellnessuses and has a Medical/spa feel inside. 400 Commonwealth offers a significant value add via adaptive re-use with the ability to convert to flex and office easily. 400 Commonwealth also provides a unique opportunity for owner-occupants to absorb some of the vacancies while further enhancing via strategic long term leasing strategies at market rates.
400 Commonwealth, #2g, Boston, MA, 02215
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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