for sale - loopnet€¦ · ma. best known for its native history, residents are just 1.5 miles from...
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LUXURY RESIDENCES IN QUINTESSENTIAL NEW ENGLAND TOWN Pointe 1620 is a newly built, 56-unit luxury
apartment building, complete with 50 underground garage parking spaces within the “America’s Hometown” of Plymouth,
MA. Best known for its native history, residents are just 1.5 miles from Plymouth’s town center and waterfront, home to
numerous museums, shops, pubs, fine restaurants and entertainment. Additionally, Pointe 1620 is located just 1/4 mile off
Route-3 (exit 5) providing residents easy access to Boston, Cape Cod, and everything in-between.
HIGH-END FINISHES WITH POTENTIAL CONDO EXIT Pointe 1620 offers one and two-bedroom luxury residences
averaging 1,084 square feet (68% two-beds and six include an additional office). The open floorplans feature pioneering
design, capturing the old-world charm indicative of New England with 9’ ceilings, quartz countertops, plank flooring, premier
stainless-steel appliances, crown molding, plantation blinds, large walk-in closets, private decks and in-unit laundry.
THRIVING HOUSING MARKET WITH STRONG FUNDAMENTALS According to Axiometrics, Inc., the Plymouth submarket
has experienced stronger rent growth than any other submarket throughout Metro Boston (average of +6.9% annually over
the last five years). Looking forward, rents throughout the submarket are expected to continue to grow stronger than any
other submarket at an average of +4.4% annually over the next five years. Additionally, the current average asking price for
a newer 2000+ constructed two-bedroom condominium in Plymouth is $553,000.
© 2019 CBRE, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
For Sale 56-UNIT LUXURY APARTMENT BUILDING WITH UNDERGROUND GARAGE 84 OBERY STREET :: PLYMOUTH, MA 02360
PICTURESQUE SETTING & UNMATCHED COMMUNITY AMENITIES
Pointe 1620 features a beautifully designed common room with kitchen, game room with fireplace and billiards table, and a
fitness center. There is an expansive outdoor patio, complete with a fire pit, as well as resort-style swimming pool with sun deck
and tennis court. Additionally, there are 51 underground garage parking spaces for residents. Pointe 1620 offers a truly unique
living experience with an unmatched amenities package in a private luxury apartment community.
ABUNDANCE OF NEARBY LIFESTYLE AMENITIES
Voted to Leapfrog’s Top Hospitals in 2016 and 2017, Beth Israel Deaconess Hospital - Plymouth, the largest hospital in the
Southeast region (164 beds), is just 1/2 mile away employing 900± people. Dunkin Donuts and Mary Lou’s Coffee are also both
walking distance from the property. On the other side of Route 3, just 1/2 mile from Pointe 1620, is The Groves at Plymouth
and the Shoppes at Long Pond. There are 1 million square feet of retail amenities along this corridor, including the brand-new
Alltown Fresh Market (opened in 2019), BJ’s Wholesale Club, Pet Smart, TJ Maxx/HomeGoods, Panera Bread, Texas Roadhouse,
Leena’s Kitchen, Marathon Sports, and more. Providing a number of other dining and entertainment destinations for residents,
Plymouth’s town center/waterfront is also just a mile and a half away while The Pinehills is only two exits south (10 minutes).
CBRE Capital Markets has been exclusively retained to sell Pointe
1620 - The Residences on Obery, a new luxury apartment building
with high-end finishes and an abundance of amenities, perfectly
located between Boston and Cape Cod.
Summary Unit Mix
We are offering this property for sale without an asking price, and will be conducting tours over the coming weeks
with a call-for-offers to follow shortly thereafter. All tours must be escorted by CBRE and scheduled in advance.
UNIT TYPE % OF UNITS # OF UNITS AVERAGE SF TOTAL SF
1 Bed, 1 Bath 27% 15 888 13,326
1 Bed, 1 Bath w/ Office 5% 3 975 2,925
2 Bed, 2 Bath 63% 35 1,158 40,526
2 Bed, 2 Bath w/ Office 5% 3 1,305 3,915
Total/Average 56 1,084 60,692
SIMON BUTLERVice Chariman617.912.6923 [email protected]
BIRIA ST. JOHNVice Chariman617.912.6924
JOHN McLAUGHLINFirst Vice President617.912.6926 [email protected]
JOHN KELLY - Debt & EquityExecutive Vice President [email protected]
Contacts
Plymouth Sports Complex
Leena’s Kitchen
Plymouth
Plymouth Harbor
Isacc’s ON THE WATERFRONT Cafe Strega
Plymouth Waterfront & Town Center
Long Pond Rd
®
THEGroveat Plymouth
3
Exit# 5
PLYMOUTH
Plymouth Station
N
Plymouth Bay
DUXBURY
3A
Plymouth Long Beach
Plimoth Plantation Hwy
Community Amenities