Key Facts
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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
Similar Properties
View moreThe value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.
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