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Asking Price Contact for pricing
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NOI Net Operating Income N/A
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Property Description

Jones Lang LaSalle Americas, Inc. (JLL) is pleased to offer, on an exclusive basis, the fee simple interest in 50 Cambridge Street, a 1.4-acre parking lot adjacent to the Sullivan Square MBTA station in Charlestown, one of Boston’s most rapidly developing submarkets just 1.5 miles from Downtown. The site is a prime development opportunity appealing to multiple uses, including multifamily or commercial, and is located within an emerging Life Science node adjacent to Interstate 93. 

The Charlestown/Somerville corridor is highly regarded as one of the major urban in-fill locations capable of attracting and retaining young talent. The location features many of the same demand drivers, trends and demographics as the adjacent and high-performing Cambridge and Somerville markets which continue to densify. The opportunity is being offered free and clear of existing debt and without an asking price.

Investment Highlights

  • Irreplaceable location
  • Surrounded by transformative new developments
  • Steps from Sullivan Square MBTA Station
  • Abundant nearby amenities
  • Only eight minutes to Logan Airport
Last Updated Date: 18 Nov 2020
Adam Dunn
Adam Dunn
Senior Director, Capital Markets
License details
MA-9553106 CT-REB.0755412 ME-DB922772
Christopher Phaneuf
Christopher Phaneuf
Managing Director, Capital Markets
License details
MA-9032841

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Last Updated Date: 18 Nov 2020

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