Executive Summary

Boston Realty Advisors is pleased to present the exceptional opportunity to acquire 243 Hampshire Street, a unique mixed-use asset located in Cambridge, Massachusetts. The offering features three commercial spaces and one residential unit across three levels and offers investors immediate cash flow and future value-add potential. 243 Hampshire Street presents the rare opportunity to own a truly one-of-a-kind asset in a world-renowned city; Cambridge, Massachusetts.

Located in the heart of Inman Square the property’s location is directly influenced by the many economic drivers fueling Cambridge’s growing economy. The city of Cambridge is anchored by two of the most prominent academic institutions in the world - Harvard University and MIT – along with global companies that make up the tenant base of Kendall Square - Cambridge, Massachusetts is diverse, transit-oriented and a magnet for long-term growth. With immediate access to public transportation, the deep employer base that makes up the area, and the wealth of amenities, the property benefits from all Cambridge has to offer.

243 Hampshire Street offers investors a distinctive mixed-use asset in a class A+ location with significant value-add potential. The property 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

UNRIVALED MARKET

Cambridge is a world-renowned city by every sense of the term. Innovation and education have been the main power source for the success and strength of the submarket. Home to Harvard University, MIT and some of the largest biotech firms in the world, Cambridge presents both stable investment qualities and long-term growth opportunity. These market drivers produce incredible demand for housing and retail focused needs.

SUPERIOR AREA AMENITIES

Located right on Inman Square and just a 15 minute walk from Central Square, area amenities are unmatched. Ranging from some of the best restaurants in New England to boutique shops and diverse nightlife, 243 Hampshire Street offers endless food and entertainment options.

TRANSIT-ORIENTED

Situated at the corner of Hampshire Street and Cambridge Street, the property is only a 0.7 mile walk to the Central Square Red Line MBTA Station, providing easy access to Cambridge’s top locations as well as Downtown Boston. Additionally, it is steps away from multiple Bluebike stations and bus stops.

 

VALUE-ADD OPPORTUNITY

With strong in-place tenancy the property offers ample upside potential via future rent increases, in-unit, common area and exterior renovations. Implementing a value add strategy will allow new ownership to increase NOI while maintaining a strong tenant base.

 

Address

243 Hampshire Street,

Cambridge, MA 02139

Year Built

1920

Lot size

4,356 SF (0.10 acres)

Gross Building Size

6,208 SF*

Unit Mix

One (1) Residential Unit

Three (3) Commercial Units

*Based on public records

Property Details

Location Overview

Nicholas M. Herz

Managing Director & Partner

617.850.9624

nherz@bradvisors.com

andrew b. herald

Associate Director

617.850.9619

aherald@bradvisors.com

Jason s. Weissman

Founder & Senior Partner

617.850.9608

jweissman@bradvisors.com

DANIEL J. DEWING

Associate

617.850.9620

ddewing@bradvisors.com

KEVIN R. Benzinger

Associate Director

617.850.9647

kbenzinger@bradvisors.com

Contact

WHITNEY GALLIVAN

Managing Director & Partner

617.850.9612

wgallivan@bradvisors.com

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