Cambridge, MA NAI Hunneman’s Capital Markets Group brokered the $6.38 million sale of 107-113 Webster Ave. and 9 Hamlin St. The 11 apartment units were located in two adjacent buildings near Kendall Sq.
Executive vice president Carl Christie and assistant vice president Dan McGee represented the seller Webster Investments, LLC, and procured the buyer.
“This was a rare opportunity to acquire a brick apartment building in Cambridge. The large units and strong existing cash flow drew heavy interest from investors. We completed over 50 tours and had 18 offers. The end result was we were able to achieve the best price and terms for the seller,” said Christie.
107-111 Webster Ave. is located near Kendall Sq. and MIT. The property is a 15-minute walk to the Kendall/MIT Redline T stop. This location is ideal for students at MIT and young professionals working in Kendall Sq. and downtown Boston. The property is also near to many other area amenities including restaurants, bars/clubs, shopping, parks, and other outdoor recreation options.
Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 6,700 professionals and 375 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets.