Price cut −3%
$51,570,000
7.8% cap · 52,410 sq ft RBA · Class C
179 Dorchester Ave
Boston, MA 02116
Listed 6 months ago$984/sq ft
01 / 09
Open Aug 2, 2026For SaleIndustrial
$44,440,000
4004 Commonwealth Ave
Beacon Hill · Boston, MA 02114
$412/sq ft51 days on market1.7K views34 saves
Key facts
- Interior
- 107,830 sq ft
- Lot
- 4.98 acres
- Year built
- 1922
- Property type
- Industrial
- Price / sq ft
- $412/sq ft
- Annual taxes
- $479,950
- Days on market
- 51
Getting around
Walk Score97
Walker's Paradise
Transit Score98
Rider's Paradise
Bike Score81
Very Bikeable
About this property
Institutional-quality industrial facility on Commonwealth Ave, Class C, 107,830 square feet. Loading Dock and cold storage make the space genuinely functional rather than merely leasable.
Investment summary
Investment summary
Cap rate
5.50%
Net operating income ÷ price
Net operating income
$2,444,200
Annual, after operating expenses
Cash-on-cash
−1.0%
$134,945 annual shortfall on $13,332,000 equity
Occupancy80%
86,264 sq ft leased of 107,830 sq ft
- Tenants
- 8
- Rentable area
- 107,830 sq ft
- Price / sq ft
- $412/sq ft
- WALE
- 8.1 yrs
- Lease type
- NNN
- Building class
- Class C
- Zoning
- LI
- Parking
- 153 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $2,579,145 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Loading Dock
Systems & Efficiency
- Sprinkler System
Building & Community
- Cold Storage
Highlights
- Rail Spur
- Three-Phase Power
- Opportunity Zone
- Value-Add Upside
- NNN Leases in Place
- 24/7 Card Access
- Build-to-Suit Ready
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2016-03-03 | Sold | $36,307,000 |
| 2026-06-04 | Listed | $44,440,000 |
Location
Beacon Hill, Boston — Suffolk County
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Approximate location · Beacon Hill
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Estimated monthly
$275,337/mo
- Principal & interest81%$222,380
- Property tax15%$39,996
- Home insurance5%$12,962
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $35,552,000 · 30 yr · 6.40%
