FOR SALE
960 Morrissey Boulevard · Dorchester, MA
100% Occupied · 14,998 SF Shopping Center BOSTON 4.7 miles
1 3 2 Savin Hill Station
MBTA RED LINE
188,332 ADT
Neponset Ave Morrissey Blvd 44,700 ADT 13,600 ADT Over 2,000,000 INVESTMENT Square Feet of Proposed Development DRIVERS
1 HUB 25 New Construction Project Type Residential Units 268 units Parking 143 spaces 100% Occupied 2 HERB CHAMBERS Project Type Commercial SF 94,269 SF Strong & Stable Tenancy Parking 104 spaces
3 DOTBLOCK High Growth Market Project Type Residential/Retail Units 384 units Parking 450 spaces SF 60,000 SF retail Dorchester Revitalization
Boston Realty Advisors is pleased to present an exceptional opportunity to Marketplace at Morrissey is situated acquire Marketplace at Morrissey, a well-positioned and newly constructed 14,998 square foot shopping center located along one of Dorchester’s in a high growth market and primary arteries, Morrissey Boulevard. Anchored by East Boston Savings Bank and Uber, the asset is 100% leased and well-positioned within one of Boston’s most dense and rapidly growing submarkets. will provide immediate stability Marketplace at Morrissey’s prominent location provides high visibility for the over 40,000 cars passing the site daily via Morrissey Boulevard. with a strong tenant mix and Furthermore, less than a half mile south is the onramp to I-93 allowing for prime accessibility to the main thoroughfare from the South Shore into Boston and services over 190,000 cars each day. significant upside to investors. In addition to East Boston Savings Bank (NASDAQ: ESBS) and Uber Technologies, Marketplace at Morrissey is occupied by Open Doors Power Yoga, H&R Block, Elliott Physical Therapy, Morrissey Nails, GMH Mortgage, and Unchained Pizza. These strongholds mixed with the 960MORRISSEY.COM surrounding local tenants provide strong and stable in-place cash flow, with the current in-place rents averaging $23.35. DOWNTOWN BOSTON
SEAPORT
DAILY TRAFFIC FLOW
60,001 +
30,001 – 60,000
15,001 – 30,000
5,001 – 15,000
DORCHESTER
Morrissey Blvd.
QUINCY SITE PLAN
ONE WAY 1 3
D ' UM 1 4 ,9 9 8 SF 0
P 6 1 0 S T Y ER
S 1 -S TORY BLDG A W
6 7 8 9
2 ,5 1 3 SF 1 , 1 99 SF 1 ,1 99 SF 1 ,4 5 0 SF E N
5 2 5' 20' 2 0' 25' O 3 , 0 93 SF Y A ' W
0 E 2 N ONE WAY
O HC 4 '
1 , 1 7 8 SF 7 1
3 '
1 ,1 7 8 SF 7 1 HC
2 '
Y 1 1 0
1 ,3 5 8 SF A
2
W
8 E 9 9
N ONE WAY
1 O E " U V 0 R I 1 ,8 0 0 SF - ' R H 5 T
D 6 2 70' 7
PATIO ONE WA Y ONE WAY
PY LON S IGN 1 0
TENANT SQUARE FOOTAGE BREAKDOWN
GMH Mortgage: 1,199 SF Open Doors Yoga: 1,199 SF
Unchained Pizza: 1,450 SF H&R Block: 2,463 SF
East Boston Savings Bank: 1,850 SF
Morrissey Nails: 1,388 SF Elliott Physical Therapy: 3,093 SF
Uber Technologies: 2,356 SF DORCHESTER DEMOGRAPHICS
1 mile 3 miles 5 miles
Population 27,289 243,233 596,762
Average HHI $76,558 $73,219 $89,452
Number of Households 10,687 91,911 242,112
CAPITAL MARKETS
MICHAEL A. D’HEMECOURT WHITNEY GALLIVAN CHRISTOPHER J. DONATO JAIME A. RUSSELL Managing Director & Sr. Partner Managing Director & Partner Associate Director Associate 617.850.9670 617.850.9612 617.850.9618 617.850.9663 [email protected] [email protected] [email protected] [email protected]
JASON S. WEISSMAN NICHOLAS M. HERZ Founder & Sr. Partner Managing Director & Partner 617.850.9608 617.850.9624 [email protected] [email protected]
745 Boylston Street | Boston, MA 02116 | (T) 617.375.7900 | (F) 617.536.9566 | BRAdvisors.com
© Copyright Boston Realty Advisors. All rights reserved. The information contained here has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification. 08/01/16