FINAL 6086 Broad Street Bridgewater

60-86 BROAD STREET BRIDGEWATER, MA AVAILABLE FOR SALE APPROVED RESIDENTIAL & COMMERCIAL MIXED USE DEVELOPMENT www.TriTownRetail.com Executive Summary 60-86 Broad Street, Bridgewater MA The Offering Property Overview Address Tri Town Retail Advisors is pleased to present the opportunity to acquire 60-86 Broad Street, a newly permitted mixed use project located in downtown Bridgewater The project is comprised of 62 residential apartments and +/- 26,439 square feet of ground floor commercial space 60-86 Broad Street is available on an “as is” basis and is being offered without a formal asking price Upon receipt of a signed confidentiality agreement, qualified investors will be provided with the offering materials and access to virtual deal room hosted by Tri Town Retail Advisors Once Investors have had an opportunity to review the offering materials, TTRA will schedule a “Call for Offers” Property Type 60-86 Broad Street, Bridgewater Mixed use residential & commercial Total Square Feet Lot Size Parking Spaces No of Residential Units 108,214 +/- Sq Ft 91,182 +/- Sq Ft 131 62 Bed / bath with diningprovided roomby public record Information 31 Units Bed / bath 31 Units Information provided by public record Information provided by owner Commercial GSF Information provided by public record Information provided by owner Information provided by owner 26,439+/- square feet Property Overview 60-86 Broad Street, Bridgewater MA Property Overview Address 60-86 Broad Street, Bridgewater Property Type Mixed use residential & commercial Total Square Feet Lot Size 108,214 +/- Sq Ft 91,182 Sq Ft +/- Sq Ft Parking Spaces 131 No of Residential Units No of Commercial Unitsprovided by public record Information Information provided by public record 62 26,439+/- Investment Highlights 60-86 Broad Street, Bridgewater MA Prime Commuter Location The community is just minutes from Routes 24, 18, 104 and 106 The property is located a short walk from the Bridgewater MBTA commuter rail station into Boston’s South Station, and to Bridgewater State University Main Campus Lifestyle Commercial Space The building’s 26,439 square feet of ground floor commercial space is a valuable amenity and complement to the streetscape of the downtown The property is located close to area retail destinations, including Campus Plaza, Roche Brothers, CVS, Cumberland Farms, Burlington Coat Factory, and numerous cafe’s and restaurants, all within walking distance Demographics 60-86 Broad Street has an expansive resident base to draw upon with over 63,000 people and over 21,000 households within just five (5) miles of the property Within the town of Bridgewater,residents have an average household income of +/$107,000 These healthy demographics bode well for the property and the incoming developer’s ability to establish the luxury market and increase rents over time on the college student, young professional, empty nester and retiree renter pool that resides in South Eastern, MA Rental Comps 60-86 Broad Street, Bridgewater MA Viva Lake Shore Lakeshore Center, Bridgewater Number Of Units 300 Unit Mix Dwell 85 85 Plymouth Street, Bridgewater Number Of Units 58 Unit Mix Studio $1,895.00 Kingswood Park 180 Main Street, Bridgewater Number Of Units 308 Unit Mix Studio n/a Axis at Lakeshore 4100 Summit Dr, Bridgewater Number Of Units 289 Unit Mix Studio n/a Studio n/a $2,300.00 n/a $1,475.00 $2,100.00 $2,775.00 $1,814.00 $1,750.00 $2,595.00 $3,895.00 $2,526.00 n/a $3,250.00 Financial Analysis Proforma 60-86 Broad Street, Bridgewater MA Rental Income Apartments Commercial Rental Assumptions Unit Type # of Units Avg Rent $/Month Gross Income 1/1 31 $1,408.00 $43,648.00 $523,776.00 2/2 29 $1,825.00 $52,925.00 $635,100.00 $2,250.00 $4,500.00 Apartment Total Commercial $54,000.00 $1,212,876.00 23,725 $25.00 $49,427.08 $593,125.00 $150,500.08 $1,806,001.00 $204,549.00 Utilities (common) $350/ unit) $21,775.00 Turnover @ $250/ Unit $16,750.00 Grounds/Snow $6,000.00 Trash @ $250 / unit $16,750.00 Repairs/Maintenance @ $400/unit $26,800.00 Marketing @$200 / Unit $13,400.00 General & Admin @ $200/ Unit $13,400.00 Mgmt Fee @ 5% $90,300.05 Payroll $70,000.00 Insurance @$350 unit $23,450.00 Total Totals $593,125.00 $1,806,001.00 Expenses $/Year R.E Tax @ $1,863 / unit Avg - $3.36 sq ft Comm 2/2 Duplex $1,212,876.00 Total Expenses Per Unit Expense Ratio Net Operating Income Valuation on 6.5% Cap $503,174.05 $7,510.06 27.86% $1,302,826.95 $20,043,491.54 Site Plan 60-86 Broad Street, Bridgewater MA Property Photos 60-86 Broad Street, Bridgewater MA Artistic interpretation only Not final design plan Property Photos 60-86 Broad Street, Bridgewater MA Artistic interpretation only Not final design plan 10 Property Photos 60-86 Broad Street, Bridgewater MA Artistic interpretation only Not final design plan 11 Property Photos 60-86 Broad Street, Bridgewater MA Artistic interpretation only Not final design plan 12 Property Photos 60-86 Broad Street, Bridgewater MA Artistic interpretation only Not final design plan 13 Property Photos 60-86 Broad Street, Bridgewater MA Artistic interpretation only Not final design plan 14 Property Photos 60-86 Broad Street, Bridgewater MA Artistic interpretation only Not final design plan 15 Location Description 60-86 Broad Street, Bridgewater, MA 60-86 Broad Street Waterford VIllage Apartments 104 28 Confidential Customized for Lorem Ipsum LLC Eric Szczepkowski Partner, Executive Vice President Tri Town Retail Advisors 617.454.4460 - eric@tritownretail.com Version 1.0 ... Site Plan 60-86 Broad Street, Bridgewater MA Property Photos 60-86 Broad Street, Bridgewater MA Artistic interpretation only Not final design plan Property Photos 60-86 Broad Street, Bridgewater. .. Not final design plan 14 Property Photos 60-86 Broad Street, Bridgewater MA Artistic interpretation only Not final design plan 15 Location Description 60-86 Broad Street, Bridgewater, MA 60-86 Broad. .. interpretation only Not final design plan 12 Property Photos 60-86 Broad Street, Bridgewater MA Artistic interpretation only Not final design plan 13 Property Photos 60-86 Broad Street, Bridgewater MA