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- LoopNet Team
366 Somerville Ave
Somerville, MA 02143
Property For Lease
PROPERTY FACTS
| Property Type | Retail | Year Built | 1920 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.12/1,000 SF |
| Gross Leasable Area | 16,720 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 16,720 SF |
| Year Built | 1920 |
| Parking Ratio | 0.12/1,000 SF |
ABOUT THE PROPERTY
Class A office space in prime Union Sq. location with 2 dedicated parking spaces in the parking lot next to the building. The 3,918 sq.ft. space is fully built out, consisting of most of the first (above ground) floor of an elevator building, including 3 large private offices, kitchenette/breakroom, storage room, and 2 bathrooms. Shared use of front reception area with bathroom and exclusive use of 33’x21’ conference room from 7am - 4pm every day (reserved for landlord use after 4pm). Space is built out as offices; if tenant wants additional buildout, it can be done at tenant’s expense. Asking $35 per sq.ft. triple net. Initial lease term of 5 years with annual rent escalation of 2%. Option to renew for 3-year term. Available immediately. MBTA bus stop in Union Sq. include the CT2 (to Kendall, Ruggles, Sullivan); 85 (Kendall, MIT, Lechmere); 87 (Arlington Center); 91 (Sullivan, Inman, & Central Sq.); and 90 (Davis Sq., Assembly Row, Wellington Station). Future Green Line stop nearby.
