SEAPORT EXECUTIVE SUMMARY Colliers International has been exclusively retained to sell 63 Chatham Street, a centrally located, landmark asset primed for repositioning in the core of Downtown Boston. The 14,255 square foot building, currently home to the Wild Rover Bar and Nightspot with office tenants on the upper floors, is situated in the Financial District directly adjacent to one of Boston s most popular tourist destination-faneuil Hall. POST OFFICE SQUARE 63 Chatham Street is being offered for sale free and clear of debt, with no formal asking price. DTX FANEUIL HALL GOVERNMENT CENTER NORTH STATION 2
INVESTMENT HIGHLIGHTS ULTRA CORE LOCATION 63 Chatham Street is situated in the heart of Boston s booming central business district. Chatham Street is one block off State Street, an important transit route in the City of Boston providing direct access to Beacon Hill, the North End, Faneuil Hall, Downtown Crossing, the Financial District, and the Seaport. Located directly in the middle of Boston s CBD, 61-63 Chatham Street is well positioned to capitalize on the best in class location it possesses. PROMINENT TRANSIT ORIENTED ADDRESS One of the most accessible locations in the city via public transit and car. The State Street T stop is just one block North and every MBTA line is within a five minute walk of the building. 63 Chatham Street is uniquely situated to reach all of metropolitan Boston via public transportation. The Property is equidistant to both North and South Stations in addition to being equally accessible by car with an abundance of parking garages in the area. EXCELLENT MARKET FUNDAMENTALS 63 Chatham Street is currently leased to Wild Rover Bar and Nightspot on the first two floors and various office tenants on the upper floors. With short term leases in place with the office tenants, a new Owner will be able to capitalize on the robust demand for Class B office space in Boston s CBD. PRIME REDEVELOPMENT OPPORTUNITY 63 Chatham Street, due to its short term office lease, also allows a potential investor the opportunity to redevelop the property into an alternative use. The existing infrastructure and the location will allow new ownership to consider all options when evaluating the highest and best use for the Property. IMMEDIATE ACCESS TO FANEUIL HALL #4 20M on the list of the 50 most-visited tourist attractions in the world visitors per year 70+ local and national retailers 4 63 CHATHAM ST I BOSTON, MA 5
PROPERTY OVERVIEW PARCEL ID: 0303752000 ADDRESS: 61-63 CHATHAM ST BOSTON MA 02109 PROPERTY TYPE: CLASSIFICATION CODE: LOT SIZE: COMMERCIAL 329 (COMMERCIAL PROPERTY/ BAR/TAVERN/PUB) 2,248 SF ZONING ZONING DISTRICT: GOVERNMENT CENTER/MARKETS MAX BUILDING HEIGHT: 125 FT FAR: 8.0 BY-RIGHT BUILDABLE SF: 17,984 SF 63 CHATHAM ST 6 63 CHATHAM ST I BOSTON, MA 7
PROPERTY DESCRIPTION GROSS BUILDING AREA: 14,255 SF YEAR BUILT/RENOVATED: 1899/1990 # OF FLOORS: 6 PLUS FINISHED BASEMENT LEASED TO WILD ROVER 61 CHATHAM ST EXISTING CEILING HEIGHT: 7 5 8 9 CONSTRUCTION: BRICK AND BEAM ELEVATOR SERVICE: ONE CAB 8 63 CHATHAM ST I BOSTON, MA 9
INVESTMENT SALES DOUG JACOBY 617-330-8123 doug.jacoby@colliers.com SCOTT DRAGOS 617-330-8124 scott.dragos@colliers.com TONY HAYES 617-330-8058 tony.hayes@colliers.com TIM MULHALL 617-330-8066 tim.mulhall@colliers.com DAN HINES 617-330-8083 daniel.hines@colliers.com MULTI-FAMILY CHRISTOPHER SOWER 617-330-8141 christopher.sower@colliers.com JONATHAN BRYANT 617-330-8081 jonathan.bryant@colliers.com FINANCING KEVIN PHELAN 617-330-8050 kevin.phelan@colliers.com JEFF BLACK 617-330-8049 jeff.black@colliers.com OFFICE LEASING RYAN HEALY 617-330-8017 ryan.healy@colliers.com Colliers International I 160 Federal Street Boston, MA 02110 I colliers.com This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). 2018. All rights reserved.