960 morrissey boulevard · dorchester, mabradvisors.com/.../07/960morrissey_brochure_v5_lo.pdf ·...
TRANSCRIPT
FOR SALE
960 Morrissey Boulevard · Dorchester, MA
100% Leased · 14,998 SF Shopping Center
BOSTON4.7 miles
Neponset Ave 13,600 ADT
Morrissey Blvd 44,700 ADT
188,332 ADT
1 2 3
Savin Hill Station
MBTA RED LINE
New Construction
High Growth Market
Dorchester Revitalization
Strong & Stable Tenancy
100% Occupied
INVESTMENTDRIVERS
Over
2,000,000Square Feet ofProposed Development
1 HUB 25Project Type Residential
Units 268 units
Parking 143 spaces
2 HERB CHAMBERSProject Type Commercial
SF 94,269 SF
Parking 104 spaces
3 DOTBLOCKProject Type Residential/Retail
Units 384 units
Parking 450 spaces
SF 60,000 SF retail
Marketplace at Morrissey is situated
in a high growth market and
will provide immediate stability
with a strong tenant mix and
significant upside to investors.
960MORRISSEY.COM
Boston Realty Advisors is pleased to present an exceptional opportunity to
acquire Marketplace at Morrissey, a well-positioned and newly constructed
14,998 square foot shopping center located along one of Dorchester’s
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.
Marketplace at Morrissey’s prominent location in the market provides
high visibility for the over 40,000 cars passing the site daily via Morrissey
Boulevard. 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.
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, GMH Mortgage, Morrissey Nails
and Unchained Pizza. These strongholds mixed with the surrounding national
and local tenants provide a strong and stable in-place cash flow with the
current in-place rents at a low basis.
DAILY TRAFFIC FLOW
60,001 +
30,001 – 60,000
15,001 – 30,000
5,001 – 15,000
DOWNTOWN BOSTON
SEAPORT
DORCHESTER
QUINCY
Morrissey Blvd.
PY LONS IGN
1 4 , 9 9 8 SF1 -S TORY B LDG
60
'
70'
DR
IVE
THRU
25
'-0"
20
'1
7'
17
'2
0'
20' 2 0'
11 , 8 0 0 SF
21 , 3 5 8 SF
31 , 1 7 8 SF
41 , 1 7 8 SF
53 , 0 93 SF
62 , 5 1 3 SF
71 , 1 99 SF
81 , 1 99 SF
91 , 4 5 0 SF
25'2 5'
ON
E W
AY
ONE WAY
ON
E W
AY
ONE WAY
ONE WAY
ONE WAY
ONE WAY
ON
E W
AY
DUMPS TERS
PATIO
8 9 9
HC
HC
67
1 0
1 1
1 0
1 3
SITE PLAN
TENANT SQUARE FOOTAGE BREAKDOWN
Elliott Physical Therapy: 3,093 SF
H&R Block: 2,463 SF
Open Doors Yoga: 1,199 SFGMH Mortgage: 1,199 SF
Unchained Pizza: 1,450 SF
Uber Technologies: 2,356 SF
East Boston Savings Bank: 1,850 SF
Morrissey Nails: 1,388 SF
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.
07/14/16
JASON S. WEISSMAN Founder & Sr. Partner [email protected]
NICHOLAS M. HERZ Managing Director & Partner [email protected]
CAPITAL MARKETS
MICHAEL A. D’HEMECOURT Managing Director & Sr. Partner [email protected]
WHITNEY GALLIVAN Managing Director & Partner [email protected]
CHRISTOPHER J. DONATO Associate Director [email protected]
JAIME A. RUSSELL Associate [email protected]
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
DORCHESTER DEMOGRAPHICS