Somerville, Massachusetts

Home , Assembly Square

400MYSTIC SOMERVILLE, MASSACHUSETTS EXECUTIVE SUMMARY Units Cushman & Wakefield’s Multi-Family Advisory Group is pleased to present the opportunity Covered parking to acquire 400 Mystic Avenue, a newly constructed thirty (30) unit, mixed use apartment spaces community located in Somerville, Massachusetts. The boutique luxury asset is comprised of twenty-seven (27) residential apartment units and three (3) ground floor retail commercial 30 spaces. The apartments are currently 95% occupied and the commercial spaces, which span between 932-1,128 SF respectively, are all either fully leased or committed. New construction (2019) The luxury apartment homes consist of an ideal mix of 1- and 2-bedroom units, offer unique and spacious layouts, as well as best-in-market unit finishes. The oversized units are com- Condo quality finishes prised of seven (7) one-bedroom, one bath units (avg. 891 SF) and twenty (20) two-bedroom, 2 bath units (avg. 1165 SF). Residents also benefit from both private and common roof decks as well as a tenant lounges and community areas on both the first and fourth floors. Addi- tionally, the property is complemented by a 30 space, covered parking garage, a rarely avail- Walk able tenant convenience in the Somerville area, which provides parking for both residential and commercial tenants. 90-100 score Strategically located in one of the most rapidly evolving neighborhoods in the Greater Boston area, the property is surrounded by multiple on-going and upcoming transformative developments, such as Assembly Row, Encore Boston Resort and Casino, Cambridge Crossing, Hood Park, and the Green Line Extension. Additionally, the property offers residents unparalleled Large 1 Bed Avg – 891 SF transit options, including the MBTA – Orange Line at Assembly Row (0.5mi +/-) and immediate access to multiple bus routes and I-93, located just steps from the asset. Units 2 Bed Avg – 1161 SF Pricing & Process 400 Mystic Avenue is available on an “as-is” basis and is being offered without a formal $120,000 + asking price. Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering materials and access to additional due diligence information. Once Avg Income investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a “Call for Offers”. Bachelor’s For more information on the property and to sign the Confidentiality Agreement, please visit: multifamily.cushwake.com/Listings/400Mystic degree or Higher 66% + Dining - Shopping Entertainment 40+ Covered parking Retailers spaces 30 + Dining Options ASSEMBLY ROW MBTA STATION

MYSTIC RIVER

EDGE ASSEMBLY - Approved 525,000 SF Life Science Development

Interstate 5 Minute Drive to Boston 7.5 AC Innovation Campus - 1.3M SF + of Approved Life Science Development 400MYSTIC

1.9M SF OF APPROVED LIFE SCIENCE DEVELOPMENT WITHIN ½ MILE OF THE PROPERTY 3 INVESTMENT HIGHLIGHTS 7 20 AMENITIES ABOUND Residents benefit from access to countless local amenities, which make Somerville one of the most 2 BED, 2 BATH desired, “live, work, play” neighborhoods in the Greater Boston area. Most notably, Assembly Square 1 BED, 1 BATH is located just steps away, immediately across the I-93 overpass. Assembly offers 1.0M+ square feet of shops, dining and entertainment venues along with a burgeoning office and lab cluster. COMMERCIAL NEW LUXURY CONSTRUCTION 400 Mystic welcomed its first tenants to the building in early 2020. The property offers luxurious living with modern designs and an abundance of amenities that are rare within boutique buildings. The community offers unique one and two-bedroom homes with oversized open floor plans, high- end finishes, in-unit laundry, 9’+ ceilings, unparalleled common amenities and much more. TRANSIT ORIENTED 400 Mystic offers residents incredible accessibility (bus, train, car and bike), walkability and convenience. Rapid transit (MBTA – Orange Line) is available (+/- 1/2 mile) from the property at Assem- bly. Additionally, the offering provides the convenience of multiple public bus routes at the front door of property, as well as immediate vehicular access to I-93. AREA EMPLOYMENT The property provides tremendous convenience to the deep pool of world class employers and insti- tutions located throughout Somerville, Cambridge and Greater Boston area. NEIGHBORHOOD DEVELOPMENT Strategically located in one of the most rapidly evolving neighborhoods in the Greater Boston area, the property is surrounded by multiple on-going and upcoming transformative developments, such as Assembly Row, Encore Boston Resort and Casino, Cambridge Crossing, Hood Park, and the Green Line Extension.

MULTIFAMILY ADVISORY GROUP EQUITY, DEBT & STRUCTURED FINANCE

CHRISTOPHER SOWER BRUCE LUSA JONATHAN BRYANT TOM SULLIVAN Executive Managing Director Senior Director Senior Director Executive Director (617) 816-5257 (617) 448-6308 (508) 505-0832 (617) 204-4157 [email protected] [email protected] [email protected] [email protected]

JOHN FLAHERTY KEVIN JONES ROSS FISHMAN Director Financial Analyst Senior Associate (617) 997-1557 (508) 314-4452 (860) 463-1934 [email protected] [email protected] [email protected]

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