40 HOLLAND ST
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Location
40 HOLLAND ST
Mblu
17/ D/ 20/ /
Acct#
89000318
Owner
GAHC3SOMERVILLE MA MOB LLC
Assessment
$42,727,300
PID
117
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$32,673,300$10,054,000$42,727,300

Owner of Record
OwnerGAHC3SOMERVILLE MA MOB LLC
Co-OwnerC/O GRIFFIN-AMERICAN HEALTHCARE REIT III
AddressPO BOX 5651
BISMARCK, ND 58506
Sale Price$50,500,000
Certificate
Book & Page 64965/0306
Sale Date02/26/2015
Instrument1B

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
GAHC3SOMERVILLE MA MOB LLC$50,500,000 64965/03061B02/26/2015
KADIMA MEDICAL PROPERTIES LLC$25,250,000 42483/01140004/12/2004
AHE OF SOMERVILLE INC$24,850,000 1118351/00009/10/1999
DAVIS SQUARE CENTER LLC$1 28011/05591F12/22/1997
NEWPORT PROP CORP$1  /00011/30/1987

Building Information
Building 1 : Section 1
Year Built: 1985
Living Area: 107,083
Replacement Cost: $39,807,468
Building Percent Good: 80
Replacement Cost
Less Depreciation:
$31,846,000
Building Attributes
FieldDescription
Style:Profess. Bldg
ModelCommercial
GradeLuxurious
Stories:4
Occupancy10.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Marble
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UsePROF BLDG
Total Rooms 
Total Bedrms00
Total Baths0
Extra Kitch' 
1st Floor Use:3420
Heat/ACHEAT/AC SPLIT
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
AOFOffice, (Average) 80,312 80,312
BASFirst Floor 26,771 26,771
FGRGarage, Finished 26,771 0
   133,854 107,083

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR2WET/CONCEALED101257.00 S.F.$324,0001
ELV3HNDCAP ELEV2.00 UNITS$270,4001
CLR1WALK-IN COOLER2.00 UNITS$23,0001
CLR2WALK-IN FREEZER1.00 UNITS$12,0001
SPR1WET/OPEN75000.00 S.F.$150,0001

Land
Land Use
Use Code3420
DescriptionPROF BLDG  
ZoneCC4
Neighborhood1003
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.77
Frontage0
Depth0
Assessed Value$10,054,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
LT2W/DOUBLE LIGHT  3.00 UNITS$4,0001
PAV1PAVING-ASPHALT  7000.00 S.F.$23,8001
SGN1SIGN 1 SIDE NO LIGHTS  135.00 S.F.&HGT$8,6001
SGN1SIGN 1 SIDE NO LIGHTS  180.00 S.F.&HGT$11,5001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2026$32,673,300$10,054,000$42,727,300
2025$31,949,000$9,576,500$41,525,500
2024$31,949,000$9,576,500$41,525,500

Regarding Parcel: Mblu : 17/ D/ 20/ / Location : 40 HOLLAND ST

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