plymouth, massachusetts...• 5 min. walk/1 min. car ride to p&b boston bus line • 7 min. car ride...

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Plymouth, Massachusetts

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  • P l y m o u t h , M a s s a c h u s e t t s

  • Colliers International’s Multi-Family Advisory Group is pleased to present for sale POINTE 1620 (the “Property”), a newly built, 56-unit luxury apartment community in the highly sought-after Plymouth, MA. The Property is located at 84 Obery Street and boasts an attractive mix of one and two-bedroom residences. These high-end units feature open floor plans, quartz countertops, white shaker cabinets, crown molding, premium stainless-steel appliances, in unit laundry, and private balconies.

    The town of Plymouth is a picturesque coastal New England town that is perfectly situated between Boston and Cape Cod. POINTE 1620 is conveniently located less than a mile from the ocean and only ¼ of mile off Route 3, providing residents with less than a 50-minute commute to downtown Boston.

    POINTE 1620 features a wide range of community amenities including a resort-style pool and sundeck, tennis court, fitness center, juice bar, conference rooms on each floor, laundry & dry cleaner service, an expansive patio with fire pit, resident storage units, and underground parking.

    POINTE 1620 is available on an un-priced basis. Additional due diligence materials are available for qualified buyers. We will be conducting tours in the coming weeks with a call for offers to follow.

    For additional information, please visit pointe1620.colliers.com.

    EXECUTIVE SUMMARY

    2

  • UNIT MIX

    15

    3

    35

    3

    1 bed, 1 bath1 bed, 1 bath w/office2 bed, 2 bath2 bed, 2 bath w/office

    PROPERTY SNAPSHOT

    53 SURFACE PARKING SPACES

    56 UNITS

    60,692 RENTABLE SF

    51 GARAGE PARKING SPACES

    3

  • Obery Street

    Obery Street

    Sout

    h Stre

    et

    Sout

    h Stre

    et

    PLYMOUTH PLYMOUTH PUBLIC LIBRARYPUBLIC LIBRARY

    3

    PLYMOUTH STATIONPLYMOUTH STATION7-minute drive7-minute drive

    30 se

    cond

    s to R

    oute

    3

    30 se

    cond

    s to R

    oute

    3

    EXIT 5 P&B BUS CENTEREXIT 5 P&B BUS CENTER5-minute walk/1-minute drive5-minute walk/1-minute drive

    NELSONNELSONBEACHBEACH

    4

  • Obery Street

    Obery Street

    PLYMOUTH PLYMOUTH DISTRICT DISTRICT COURTCOURT

    PLYMOUTH PLYMOUTH COUNTY FARMCOUNTY FARM

    PLYMOUTH PLYMOUTH HARBORHARBOR

    PLYMOUTH PLYMOUTH NORTH HIGH NORTH HIGH

    SCHOOLSCHOOL

    PLYMOUTHPLYMOUTHBEACHBEACH

    STEPHENS STEPHENS FIELD FIELD

    BEACHBEACH

    5

  • INVESTMENT HIGHLIGHTS

    LUXURY CONSTRUCTIONPOINTE 1620 is a recently built, 56-unit luxury apartment building, complete with 51 underground garage parking spaces. The Property offers and ideal mix of one and two-bedroom luxury residences averaging 1,084 square feet. The open floorplans feature pioneering design, capturing the old-world charm indicative of New England with 9’ ceilings, quartz countertops, plank flooring, premier stainless-steel appliances, crown molding, plantation blinds, large walk-in closets, private decks, and in-unit laundry.

    UNRIVALED COMMUNITY AMENITIESPOINTE 1620 presents a truly unique living experience with an unmatched amenities package. The Property features a fitness center, tennis court, a wonderfully designed common room with kitchen, a game room with a fireplace and billiards table, an expansive outdoor patio with a fire pit, as well as a resort-style swimming pool with sun deck.

    6

  • HISTORICAL NEW ENGLAND TOWNKnown as “America’s Hometown”, Plymouth, MA is a quintessential New England town with its historical architecture and expansive ocean views. Residents of POINTE 1620 are located less than a mile from the ocean and are just 1.5 miles from Plymouth’s town center, which is home to numerous museums, shops, pubs, fine restaurants, and entertainment. Additionally, POINTE 1620 is located only 1/4 of a mile off Route-3 (exit 5) providing residents easy access to Boston, Cape Cod, and everything in-between.

    EXCEPTIONAL DEMOGRAPHICS AND STRONG FUNDAMENTALSPlymouth and the area surrounding the property benefit from strong underlying demographics, including an average household income of $134,500 and median home value of $406,500 within one mile of the Property. In addition, according to Axiometrics, Inc., the Plymouth County submarket has experienced strong rent growth at an average of +4.5% annually over the last five years. Looking forward, rents throughout the submarket are expected to continue to grow at an average of +3.6% annually over the next five years.

    7

  • PLYMOUTH PLYMOUTH DISTRICT DISTRICT COURTCOURT

    PLYMOUTH PLYMOUTH NORTH HIGH NORTH HIGH

    SCHOOLSCHOOL

    NELSON NELSON BEACHBEACH

    THE GROVE AT PLYMOUTH

    EXIT 5EXIT 5 P&B BUS CENTEREXIT 5 P&B BUS CENTER5-minute walk/1-minute drive5-minute walk/1-minute drive

    • Plymouth Waterfront• Beth Israel Deaconess

    Hospital• Plimoth Plantation• Priscella Beach Theater• White Horse Beach• Forges Field• Crosswinds Golf Course• Pinehills Golf Course

    • Village Green Shops• Waverly Oaks Golf Course• Halfway Pond

    Conservation Area• Ellsville Harbor State Park• White Cliffs Golf Course• Sagamore Beach• Susset Beach State

    Reservation• Sandwich Marina

    • Cape Cod Canaveral Visitors Center

    • Sandwich Glass Museum• Heritage Museum

    & Gardens• Factory Outlet Mall

    Market Basket• Cater Beal

    Conservation Area• Atlantic Country Club

    AREA AMENITIES AND ACTIVITIES

    TRANSPORTATION AND COMMUTING

    • 30 seconds to Route 3 at exit 5• 5 min. walk/1 min. car ride to P&B Boston bus line• 7 min. car ride to Boston commuter rail• GATRA (local transportation) stops at site• 45 min. to Boston by car• 20 min. to Cape Cod by car• 45 Min. to Providence by car

    STEPHENS STEPHENS FIELD FIELD

    BEACHBEACH

    ELLISVILLE ELLISVILLE HARBOR HARBOR

    STATE PARKSTATE PARK

    8

  • 3

    3A

    COLONY PLACE

    MYLES STANDISH PLAZA

    EXIT 6DOWNTOWN PLYMOUTH

    SURFSIDE SMOKEHOUSE

    EXIT 5 P&B BUS CENTEREXIT 5 P&B BUS CENTER5-minute walk/1-minute drive5-minute walk/1-minute drive

    44

    9

  • MULTI-FAMILY ADVISORY GROUP

    Christopher Sower617 816 5257

    [email protected]

    Bruce Lusa617 448 6308

    [email protected]

    Jonathan Bryant508 505 0832

    [email protected]

    John Flaherty617 997 1557

    [email protected]

    Kevin Jones508 314 4452

    [email protected]

    Colliers International160 Federal Street

    Boston, MA 02110www.colliers.com