About
About Charlesbank Estates
Cushman & Wakefield’s Multifamily Advisory Group is pleased to present the opportunity to acquire Charlesbank Estates, a 218-unit prime value-add investment property located in Waltham, MA. Built in 1960-1987, the property is ideally situated within walking distance to Brandeis University.
Charlesbank Estates offers a vast amount of untapped value by increasing rents to market levels as well as the opportunity to implement a comprehensive unit renovation program that would generate significant rent upside. Combined with the fact that the property has 100% market rate units, this presents an extremely rare and desirable investment opportunity.
The property is strategically located in the heart of Greater Boston’s largest suburban employment hub, with over 31 million square feet of office and lab space within a five-mile radius. Many of these employers are Fortune 500 companies, including defense contractor Raytheon, medtech corporation PerkinElmer, technology companies Care.com and StudentUniverse and the marketing firm Constant Contact. In addition to the numerous employment opportunities within Waltham, residents can also utilize the MBTA Commuter Rail to easily reach jobs in Downtown Boston.
Pricing & Process
Charlesbank Estates is offered for sale on an "as-is" basis and without a formal asking price. Once investors have the opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a "Call for Offers" date.
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