440 East Central Street
16,200 SF medical office building in Franklin, MA
Acquisition Cost: $1,900,000
The Ownership looked to add value to a property suffering from years of mismanagement by taking on deferred maintenance improvements in an active Greater Boston submarket
- The ownership committed to invest the capital needed to improve the property and secure tenants that would benefit from the medical infrastructure in place.
- Leasing team was able to secure a long-term lease with Milford Regional Hospital 60 days post-closing creating over $2,700,000 in net value immediately and bringing the property to be 100% leased.