Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1899
Tenure Type Freehold
Building Area
Land Area ()
Number of units 63

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer, on an exclusive basis, the opportunity to acquire the fee simple interest in 12 Hemenway (the “Property” or “Asset”), an ideally located asset situated in Boston’s Fenway neighborhood. Built in 1899, the 30,379 SF Property is a licensed lodging house and has historically operated in both the hospitality and residential space. From August 2017 to July 2019 the Property was leased to Emerson College as an auxiliary dormitory. The Property is currently being operated for private student housing, but it has a history of flexible uses including as a hostel. The Property has undergone extensive renovations and boasts newly upgraded plumbing and electrical systems as well as refurbished flooring, light fixtures, bathrooms, and common areas. The Property’s zoning allows for a wide range of uses including student housing, multi-housing, hospitality, and institutional. 

Investment highlights

The Property sits at the intersect of two of Boston’s most dynamic neighborhoods – Back Bay & Fenway. To one side, 12 Hemenway reaps the benefits of the city’s culturally-rich Back Bay Neighborhood known for its luxury shops along Newbury Street, Victorian brownstone houses, trendy eateries and pubs, world-reputed medical centers, nationally-acclaimed colleges and universities, the Prudential Center and strong corporate demand generated by numerous Fortune 500 companies. To the other side, the Property has access to the lively Fenway neighborhood centered around the iconic Fenway Park, transformative new developments at Fenway Center, 1001 Boylston, and Landmark Center, and the beautiful Back Bay Fens – a large public park with everything from walking trails to community gardens and athletic fields. This is a rare investment opportunity in one of Boston’s highest barrier to entry submarkets.

Last Updated Date: 13 Jul 2021
Matthew Enright
Matthew Enright
Director, Capital Markets
Broker Licenses
9562307
Alan Suzuki
Alan Suzuki
Managing Director, Capital Markets

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Last Updated Date: 13 Jul 2021

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