CAMBRIDGE, MA-The Bulfinch Cos. has added a third Cambridge property to its portfolio with the $3.3-million acquisition of an 18,394-sf office and retail building at 114-116 Mt. Auburn St. just off Harvard Square. Ryan Weber, with NAI Hunneman Commercial’s Boston office, tells that within a week of being placed on the market by the seller, 114 Mt. Auburn Trust, there were several offers in hand but it was the high bid of the Needham, MA-based Bulfinch that came in above the seller’s expectations and sealed the deal.

“It’s not often that buildings like this come up for sale,” says Weber, noting that the location of the four-story property was the building’s biggest selling point. The asset is located in the town’s Harvard Square area.

The property, which is about 20% occupied by several small businesses, was marketed by Weber and David Ross, also with NAI Hunneman. The team also procured the buyer. Weber says it was unclear what plans Bulfinch has for the building.

Bulfinch also owns two other properties in Cambridge in addition to 17 other buildings throughout Massachusetts and Rhode Island.

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