5 Alfred Circle, Bedford MA

FOR SALE: $2,125,000

C O N F I D E N T I A L O F F E R I N G M E M O R A N D U M

5 A L F R E D C I R C L E B E D F O R D , M A S S A C H U S E T T S

HIGHLIGHTS

FIRST CLASS BUILDING Well managed and maintained INVESTMENT

DESIRABLE DEMOGRAPHICS

VALUE-ADD OPPORTUNITY For lab, office, R&D, or perfect for an owner-user

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EXECUTIVE SUMMARY

UNIQUE INVESTMENT OPPORTUNITY Hunneman’s Capital Markets Group i s pleased to present the opportunity to acquire 5 Alfred Circle in the affluent Boston suburb of Bedford, Massachusetts. Consisting of ±9,300 square feet of office/flex space, 5 Alfred Circle is a first-class building conveniently located off Interstate 95 at Route 4/225, offering access and convenience to Boston. 5 Alfred Circle is an energy efficient building that has undergone major architecturally designed renovations since 1989. Recent improvements include a new rubber membrane roof, new high efficiency roof-top HVAC systems, LED lighting throughout the interior and exterior of the building, new storm-water drainage systems and asphalt surface parking lot, and redesigned landscaping of the entire property. The desirability of Bedford is driven by its access to major highways, as well as its high-quality amenities. The property is adjacent to the Great Road Shopping Center, which is the major shopping center in town, anchored by Stop & Shop, HomeGoods and T.J. Maxx. The Simon-owned Burlington Mall is located less than five miles away and is home to major retailers such as Lord & Taylor, Macy's, Nordstrom, Apple, Lululemon and Burberry. In addition to the wealth of retail and dining amenities, 5 Alfred Circle benefits from the major corporations that have a significant presence in Bedford including Thermo Fisher Scientific, MilliporeSigma, Anika Therapeutics, Cardinal Health, N2 Biomedical, and Toxikon. 5 Alfred Circle presents a well-located, attractive flex/office building located in one of Boston’s best sub-markets, to both investors and users. We are offering this unique investment opportunity for $2,125,000.

±9,300 SF GROSS BUILDING SIZE

1.13 ± ACRES LAND AREA

BUILT 1970 RENOVATED 1989

STRONG CORPORATE NEIGHBORS

WEALTH OF AREA AMENITIES Minutes away from numerous restaurants and retail including the Great Road Shopping Center and the Burlington Mall

STRATEGICALLY LOCATED With excellent highway accessibility to Interstate 95, Routes 4/225 and US 2 & 3

5 ALFRED CIRCLE / BEDFORD, MA

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MARKET OVERVIEW

BOSTON

4.7 MILLION POPULATION

With the ninth-largest GDP in the country , and fifteenth-largest in the world, Metro Boston is an economic powerhouse and one of the nation’s centers for education, finance, tourism, healthcare, life sciences, and technology. The region is home to 12 Fortune 500 Companies; and some of its largest employers include Brigham and Women’s Hospital, Massachusetts General Hospital, John Hancock, Boston University, and Liberty Mutual. Greater Boston boasts a population of 4.7 million – ranking it one of the largest metropolitan areas in the United States. A vibrant history, numerous cultural attractions, five professional sports teams, and some of the best shopping in the world keep more than 15 million tourists coming to the metro area annually. The 80+ colleges and universities in the region are anchored by world- class institutions such as Harvard and MIT, and provide a large pool of talented young workers who remain attracted to the area’s burgeoning innovation economy, solid employment prospects, above-average wages, and amenities. As a worldwide leader in science and tech-based industries , the metro area continues to benefit from healthcare and biotech research and development. Armed with a strong entrepreneurial spirit and highly educated workforce, prospects for growth in Greater Boston are solid.

MEDICAL 30+HOSPITALS INCLUDING MASS GENERAL, RANKED #1 HOSPITAL IN THE U.S.

TOURISM 15 MILLION VISITORS ANNUALLY

EDUCATION 94.5 COLLEGE STUDENTS PER 1,000 RESIDENTS

TRANSPORTATION 5 MILLION RESIDENTS & 175 TOWNS SERVICED BY THE MBTA

VENTURE CAPITAL FUNDING $2.7 BILLION (YEAR-TO-DATE)

LOGAN AIRPORT MAINTAINS 50 NON- STOP INTERNATIONAL FLIGHTS DAILY

5 ALFRED CIRCLE / BEDFORD, MA

5 ALFRED CIRCLE

SCIENCE & TECHNOLOGY DISTRICT @ WIGGINS AVENUE

HANSCOM AIR FORCE BASE

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MARKET OVERVIEW

BEDFORD

DEMOGRAPHICS

½ MILE

3 MILE

5 MILE

4,740

33,070

109,907

POPULATION

8,246

72,340

175,423

DAYTIME POPULATION

44.9

42.6

43.4

MEDIAN AGE

$92,798

$118,616

$109,978

MEDIAN HOUSEHOLD INCOME

Bedford is in northeastern Massachusetts in Middlesex County about 15 miles northwest of Boston. Bordered by Burlington to the east, Billerica and Carlisle to the north, Concord and Lincoln to the southwest and Lexington to the southeast. Bedford is known for its excellent schools, with extensive offerings in extra-curricular activities and athletic organizations. Middlesex Community College is also located in Bedford and offers a wide selection of academic programs. While Bedford is a small Greater Boston town, it is home to a robust business community including a substantial number of small businesses, research and development companies and divisions of large corporations. Bedford hosts over 30 life sciences companies such as Thermo Fisher Scientific, Anika Therapeutics, Instrumentation Labs, Ocular Therapeutix, among many others. Bedford was named a Platinum-rated “BioReady®” community by the Massachusetts Biotechnology Council. Additional growth sectors in Bedford include advanced manufacturing, robotics, clean technology, cloud computing, cyber security, information technology & software and healthcare.

SCIENCE & TECHNOLOGY DISTRICT AT WIGGINS AVENUE Bedford was named a mini biotech hub within Greater Boston by the Boston Business Journal. Among one of the most successful BUSINESS districts is the Science & Technology District at Wiggins Avenue, hosting many world-class life sciences companies including Anika Therapeutics, MilliporeSigma, Toxikon, Thermo Fisher Scientific, among many others.

5 ALFRED CIRCLE / BEDFORD, MA

5 ALFRED CIRCLE, BEDFORD

5 ALFRED CIRCLE

FLOOR PLAN

Evergreen Nominee Reality Trust

SITE PLAN

Mabbett&Associates, Inc. 5AlfredCircleBedford,MA 01730-2318 T. 781-275-6050 - 800-877-6050 www.mabbett.com

N

Evergreen Nominee Reality Trust

Mabbett&Associates, Inc. 5AlfredCircleBedford,MA 01730-2318 T. 781-275-6050 -800-877-6050 www.mabbett.com

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PROPERTY OVERVIEW

BUILDING SIZE:

±9,300 square feet (three internal fire zones)

LAND:

1.13 acres / ± 49,220 square feet

CONSTRUCTION: Masonry and steel construction

BUILT/ RENOVATED:

Circa 1970/1989

ROOF:

New rubber membrane roofing system with enhanced rigid insulation.

HVAC :

• New Carrier high efficiency roof-top heating, ventilation and air conditioning (HVAC) systems. • New heat-pump HVAC system for the computer, IT room. • New heat-pump hot water heater. New LED lighting systems throughout the building, interior and exterior.

LIGHTING:

KITCHEN:

Installation of a new kitchen and appliances.

ELECTRIC:

• Upgraded electrical power service entry wiring to the building. • Installation of energy efficient hydronic supplemental electric baseboard heating with digital thermostats in private offices. • Painting of the exterior of the building. • New interior office space construction and extensive redecoration of interior office spaces. • Installation of a commercial electric vehicle charging station under the rear carport. • Installation of a backflow prevention device for the main water line entering the building. • Installation of a check valve on the main sewer line entering the building to stop any surcharging. Fiber-optic Verizon cable into the building and back-up/redundant Comcast cable into the building. Rebuild of the parking lot/storm-water drainage systems, and new asphalt surface. Installation of a concrete dumpster pad. Re-landscaping of the entire property, and installation of a 3-zone irrigation system servicing three sides of the building.

CAPITAL IMPROVEMENTS:

CABLE:

PARKING LOT:

LANDSCAPING:

STORAGE:

Installation of a new storage shed at the rear of the building.

SAFETY:

Upgrade of the building’s security and fire alarm systems with 24/7 redundant central station monitoring and panic alarms. Adjacent to and behind the Great Road Shopping Center, Route 4/225 Bedford, MA.

LOCATION:

5 ALFRED CIRCLE / BEDFORD, MA

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MARKET OVERVIEW

5 ALFRED CIRCLE / BEDFORD, MA

A L F R E D C I R C L E B E D F O R D , M A S S A C H U S E T T S

HENRY LIEBER Vice President 617.457.3383 hlieber@hunnemanre.com

MICHAEL ALLEN Vice President 617.457.3276 mallen@hunnemanre.com

GINA BARROSO Assistant Vice President 617.457.3261 gbarroso@hunnemanre.com

303 Congress Street Boston, MA 02210 617.457.3400 www.hunnemanre.com

INVESTMENT SERVICES

Disclaimer: Information included or referred to herein is furnished by third parties and is not guaranteed as to its accuracy or completeness. You understand that all information included or referred to herein is confidential and furnished solely for the purpose of your review in connection with a potential purchase of the subject property. Independent estimates of pro forma income and expenses should be developed by you before any decision is made on whether to make any purchase. Summaries of any documents are not intended to be comprehensive or all-inclusive, but rather only outline some of the provisions contained therein and are qualified in their entirety by the actual documents to which they relate. The asset owner(s), their servicers, representatives and/or brokers, including but not limited to Hunneman and their respective agents, representatives, affiliates and employees, (i) make no representations or warranties of any kind, express or implied, as to any information or projections relating to the subject asset(s), and hereby disclaim any and all such warranties or representations, and (ii) shall have no liability whatsoever arising from any errors, omissions or discrepancies in the information. Any solicitation for offers to purchase the subject asset(s) is subject to prior placement and withdrawal, cancellation or modification without notice.