Waltham, MA – Cushman & Wakefield announced that the real estate services firm has been retained on an exclusive basis to market Charlesbank Estates for sale. The 196,200-square-foot multifamily asset is located at 70 Charles River Road in Waltham.
Cushman & Wakefield’s Chris Sower, Jon Bryant, Bruce Lusa, John Flaherty, Kevin Jones, Mary VanNatta and Julie Regan will be leading marketing efforts on behalf of the owner, Charlesbank Estates.
“Charlesbank Estates presents investors with an extremely rare and desirable investment opportunity, with the asset being ideally positioned for a unit renovation program that will generate significant rent upside and increase value,” said Sower. “The property benefits from excellent transit access, located only a half-mile away from the MBTA Commuter Rail station.”
Charlesbank Estates is a 218-unit multifamily property that consists of two studio units, 40 one-bedroom units and 176 two-bedroom units. The property features 436 parking spaces and recent improvements have been made to the countertops, cabinets and bathrooms in select units.
The property is located a half-mile away from the Brandeis MBTA Commuter Rail Station, providing access to downtown Boston in less than 40 minutes. The asset is located within walking distance to Brandeis University and is in proximity to Moody Street in downtown Waltham.
