21-29 ELM STREET. WATERTOWN l MASSACHUSETTS l FOR SALE AND/OR GROUND LEASE

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1 21-29 ELM STREET WATERTOWN l MASSACHUSETTS l FOR SALE AND/OR GROUND LEASE

2 PROPERTY OVERVIEW EXECUTIVE SUMMARY Godino & Company is pleased to present for sale and/or ground lease Elm Street which is located in Watertown, Massachusetts on Route 16. This property is comprised of three (total 20,600sf) retail, office and warehouse buildings situated near the center of all the exciting proposed new developments in Watertown along Arsenal Street s retail corridor. LOCATION HIGHLIGHTS Adjacent to the newly constructed Residence Inn Marriott located at 570 Arsenal Street, which has 150 extended stay rooms on six floors. Across the street from Watertown Mall which is anchored by Target, Best Buy and Registry of Motor Vehicles. Within walking distance of Arsenal Mall which is to become the site of Arsenal on the Charles. The master plan for the Arsenal Mall has been approved for new developments of the Arsenal on the Charles, which includes 900 apartments, 200,000sf of office space and retail space, and 1,900 car parking. Boarders Newton and Cambridge. Near site of proposed Arsenal on the Charles Near Harvard University s Soldiers Field Rd/Western Avenue proposed campus. Less than 2 miles to Mass Pike. QUICK FACTS Land Area: 46,838+ sf Number of Buildings: 3 Building Size: 20,600sf (total) Onsite Parking: 54+ Spaces Harvard University (1.4 miles) Harvard Square (2.5 miles) SHORT & LONG TERM POTENTIAL The Elm Street holds lots of potential including the redevelopment of the property as a hotel or apartments with a special permit. In the meantime, the property may be operated with its existing office, industrial quasi-retail tenants ELM STREET l WATERTOWN, MA l 02472

3 Street Address Elm Street; Watertown, MA Local Amenities Include Abuts Land Area Building Size Recent Use Nearby hotel, shopping, restaurants and fitness. Residence Inn Marriott Acres or 46,838+sf according to city records 20,600sf Year Built 1950 Zoning # of On-Site Parking Spaces 54+ or 3.82/000 Building Area PROPERTY DETAILS Retail/Office/Lab/Bakery/Restaurant Regional Mixed Use District (RMUD), which allows office, medical, lab and R&D, and with a special permit apartments and a hotel. STRUCTURE LOCATION SQUARE FEET Building 1 Front Building Street Level 6,000 Building 1 Front Building/Lower Level 6,000 Building 2* Rear Building 6,800 Building 3* Rear Building 1,800 *Single story 20,600 Roof Construction Gas & Electric Services Water & Sewer Security Electrical HVAC Environmental Conditions Flood Zone Status Real Estate Tax Rate Bldg. 1: Asphalt Shingle; Bldg. 2: Rubber; Bldg. 3: Tar & Gravel Slab-on-grade with concrete block Eversource Town of Watertown Smoke and fire alarm system 100 & 200 amp single phase 208V panel. All spaces have separate meters. All spaces have forced hot air heating systems with separate air conditioning. None Known Flood Plain: According to the FEMA Flood Insurance Rate Map Community Panel No CO557E revised as of June 4, 2010 the subject property appears to be located within Zone X, which is an area of minimal flooding, outside the 100-year flood zone. Parcel ID Book: Page: 445 $25.32/000 (commercial) Assessed Value $2,105,4003 Sale Price Please Contact Us

4 LOCATION OVERVIEW LOCATION HIGHLIGHTS Adjacent to the newly constructed Residence Inn Marriott.. Across the street from Watertown Mall. Within walking distance of Arsenal Mall which is to become Arsenal on the Charles. The Arsenal on the Charles will eventually include 900 apartments, 200,000sf office/retail space, & 1,900 car parking. Boarders Newton and Cambridge Near site of proposed Arsenal on the Charles Near Harvard University s Soldiers Field Rd/Western Avenue proposed campus Less than 2 miles to Mass Pike Less than 3 miles from Harvard University and Harvard Square

5 PHOTO GALLERY 23 ELM STREET FRONT (ACROSS FROM TARGET/WATERTOWN MALL) ACROSS THE STREET TARGET/WATERTOWN MALL BACK

6 Tom Godino Founder, President, Principal Advisor x1 Tim Coyle Principal Advisor x2 Founded in 1967, Godino & Company is a leading full-service commercial real estate brokerage, investment and consulting firm providing strategic and innovative solutions through a team of highly experienced, motivated, and dedicated experts Boylston Street, Suite 100 l Newton, MA l T: l F: l Copyright Godino & Company, LLC. All rights reserved. The information contained within has been acquired through reliable sources but accuracy cannot be guaranteed. Independent verification is strongly advised for any information of particular interest.