Offering Brochure - CBRE Marketplace

More documents

Recommendations

Info

EXECUTIVE SUMMARY <strong>CBRE</strong> has been retained to act as the Exclusive Agent for the marketing and sale of 20 Seyon Street in Watertown, Massachusetts. This ±5.0-acre site improved with a ±94,268 SF industrial building is located on the Waltham/Watertown border. Just 7.5 miles from downtown Boston, 20 Seyon Street provides convenient access to Cambridge and the surrounding suburbs. The property falls within the Pleasant Street Corridor Zoning District, which allows for a variety of uses. 20 Seyon Street is uniquely positioned as a highly visible site, close-in to Boston and ripe for redevelopment. Investment Highlights • ±5.0-acre parcel on the Waltham/Watertown border • Located within the Pleasant Street Corridor Zoning District • Potential uses include office/R&D, laboratories, retail stores, restaurants, commercial, recreation and commercial parking • Baseline 1.0 FAR with a bonus up to 2.0 FAR • Close to downtown Boston and Cambridge with convenient access to surrounding suburbs • Situated along a dense mixed-use corridor consisting of national retailers and Class A apartment communities Excellent Market Dynamics for Office Space Positioned in the Greater Cambridge/128-West Market, 20 Seyon Street provides close proximity to Cambridge, relative affordability as compared to downtown Boston or Cambridge and ample retail amenities to create an attractive live and work environment for tenants. With Cambridge considered one of the hottest submarkets in the country and office vacancy rates at 6.1%, rents continue to rise and tenants are demanding alternative space that provides similar access to world class institutions and venture capital. This migration into the ever-tightening inner suburban markets such as Watertown will lead to upward pressure on rents in 2013 and beyond. Furthermore, 20 Seyon Street provides tenants with the ability to customize for their particular use and lock in long-term quality office space in a great location. Pricing 20 Seyon Street is being offered for sale as-is at an asking price of $6,500,000 ($69 per square foot), free and clear of debt. 1 Executive Summary
Asset Overview With potential acquisition of Lot 8, the site could have 300+ parking spaces (136 existing) Lot 6 ±2.96 acres Lot 7 ±8.7 acres Lot 8 ±7.16 acres Approximate shared easement Jewish Community Day Shool Repton Place 20 Seyon Street ±94,268 SF • ±5.0 acres Potential to purchase an easement to create a 2nd egress here Property Line Not Part of Sale Approx. Shared Easement Asset Overview 2
Page 1: Capital Markets | Investment Proper
Page 5 and 6: existing floor plan Drive-in Doors
Page 7 and 8: Canterbury Loudon Barnstead Farming
Page 9 and 10: 20 Seyon Street Watertown, Massachu
Page 11 and 12: transportation access Redevelopment
Page 13 and 14: 40 Smith Place Cambridge, MA 10 Wil
Page 15 and 16: Retail market aerial 95 128 2 LEXIN
Page 17 and 18: Disclaimer CBRE, Inc. operates with

Offering Brochure - CBRE Marketplace

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?