417-433 Cambridge Street

Allston, Massachusetts

EXECUTIVE SUMMARY

Boston Realty Advisors is pleased to present 417-433 Cambridge Street, a premier redevelopment opportunity with strong in-place income located in Allston, MA, for sale or proposals for a joint-venture redevelopment of the property. The offering is comprised of 10,400 square feet of land and a 5,200 SF building that is currently leased to five retail tenants. The offering is located approximately half-a-mile from the Harvard Avenue Green Line MBTA station and the Boston Landing Commuter Rail station, and directly in the heart of the burgeoning Allston/Brighton market.

 

New Balance’s Boston Landing is the first of many large-scale developments that will be transforming the Allston/Brighton market for the next decade and beyond. There is no better-located neighborhood in Boston that has as much development upside as Allston/Brighton. Much of the pent-up life science demand from Kendall Square will be absorbed by the development in Allston/Brighton, and many of the Kendall Square employees will choose to live in the Lower Allston neighborhood because of Cambridge Street’s easy access to Cambridge over the Charles River. 417-433 Cambridge Street will allow investors to take advantage of this unprecedented growth.

 

While there is significant development value in 417-433 Cambridge Street, it is also advantageously leased to a diverse selection of retail tenants, providing investors with a return on their capital before and during the development process.

 

417-433 Cambridge Street is offered for sale on an un-priced basis. We will be conducting tours of the property with a “call-for-offers” to follow.

investment highlights

Strong in-place Income

417-433 Cambridge Street has five retail
tenants that will provide an investor with
income during thedevelopment process.

University-driven

Harvard University is bringing many of its postgraduate programs over the Charles River from Cambridge into Allston, mere blocks away from 417-433 Cambridge Street.

Strong Development Pipeline

A majority of the prime land sites in Allston already have development plans in-place. As a result, there are several million square feet of development in the pipeline.

Transit-Oriented

A majority of the prime land sites in Allston already have development plans in-place. As a result, there are several million square feet of development in the pipeline.

Allston/Brighton
STATS

Population: 78,500

Median Age:  29.2

Median Household Income: $55,752

location

contacts

Jason s. Weissman

Founder & Senior Partner

617.850.9608

jweissman@bradvisors.com

Nicholas m. Herz

Managing Director & Partner

617.850.9624

nherz@bradvisors.com

whitney gallivan

Managing Director & Partner

617.850.9612

wgallivan@bradvisors.com

Kevin benzinger

Associate Director

617.850.9647

kbenzinger@bradvisors.com

Mike Jezienicki

Managing Director

617.850.9642

mjezienicki@bradvisors.com

ANDREW NEAL

Associate

617.850.9620

aneal@bradvisors.com

Dominique Dubois

Analyst

617.850.9632

ddubois@bradvisors.com

745 Boylston Street  |  Boston, MA 02116  |  (T) 617.375.7900  |  (F) 617.536.9566  |  BRAdvisors.com