Global New Developments
Juwai Commercial
Juwai LUXE
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This property is a First-Floor Commercial Condominium Unit in a Mixed-Use Class A Building with a concierge. The property is located between Harvard and Central Squares - midway between Harvard University and M.I.T. University. The property is currently built out for office/lab use. The zoning of the property is very favorable. All Uses of the Commercial BB-1 Zone are allowed, including the potential uses of Retail, Office, Food-Related uses, including restaurant/café uses, Institutional uses, Educational uses, Laboratory uses, and Medical/Clinical uses. There is excellent transportation access to the property’s neighborhood, with Red Line subway stations located nearby in both Harvard Square and Central Squares, as well as numerous bus lines along Massachusetts Avenue. It is located in an area with very strong professional and academic demographics. The property is also located near Kendall Square, home of many of the most important Tech and Biotech companies in the world. Heavy vehicular and pedestrian traffic exists in the neighborhood. There are many restaurants and retail stores nearby. The property is perfect for uses benefiting from street level exposure; and is somewhat set back from the street, on a small private green space, creating a dedicated entry area. The property includes one secure underground-garaged parking space. The owner’s or a tenant’s business sign can be placed on a signage pylon to the front of the property. While available for immediate sale, the unit is currently leased until July 31, 2024 at an excellent rent. As regards financing, if needed, there is an option for a Delayed-Closing type of transaction, which can be entered into now, with a Sale Structure based on: a 10% Down Payment; and a 4.5% Mortgage Loan Interest Rate.
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