492 Boston Post Rd | Wayland, MA 01778
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UNITS: 218 | YEAR COMPLETED: 2022
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Investment Highlights
The Offering
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Terms of Use
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The Offering
Berkadia is pleased to present the opportunity to acquire Alta Oxbow, a recently stabilized apartment community located in one of Greater Boston’s premier suburban communities. Class A in every regard, Alta Oxbow's 218 modern, spacious apartment homes, and expansive amenities has set a new standard for luxury in the market.
Alta Oxbow offers convenient access to the region’s primary employment centers in Boston, Cambridge, and Central Route 128, which are home to many of the world’s most notable companies in the life sciences, healthcare, innovation, and financial sectors.
Wayland - One of Greater Boston's Premier Communities: Wayland is one of Greater Boston’s most desirable communities and ranked by Niche as the #1 Best Places to Raise a Family in Massachusetts and #6 overall in America. The town is known for its high-quality school system, exceptional housing stock, parks and open spaces, and access to the region's primary employment centers in Boston and Route 128.
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INVESTMENT HIGHLIGHTS
Located in One of Greater Boston’s Premier Communities: Wayland is one of Greater Boston’s most desirable communities and ranked by Niche as the #1 Best Places to Raise a Family in Massachusetts.
The Highest Quality Property in the Market: Alta Oxbow is the newest and highest quality property in the MetroWest suburbs and the only Class A apartment community in Wayland. Alta Oxbow offers the largest units in the competitive set, and an array of amenities not found in other properties in the market.
Proven Performance with Near-Term Upside: Alta Oxbow is leased to a mix of young professionals, families attracted by the quality school system, and empty-nesters seeking a maintenance free active adult lifestyle. Year-to-date, new leases, renewals, and trade-outs are being signed at an average of 7% increases, and with 51% of the property leases expiring over the next eight months, there is an immediate mark-to-market upside opportunity.
Access to Boston’s Primary Commercial Centers: Wayland’s residents enjoy easy access via the Massachusetts Turnpike (I-90) or MBTA Commuter Rail to the dynamic Boston and Cambridge markets, which together total more than 130 million square feet of lab, research, and office space. Additionally, the 35 million square foot Route 128 corridor is an easy 6.7 miles east of Alta Oxbow.
High Barriers to New Supply: The Town of Wayland is notoriously difficult approving new development projects, resulting in Alta Oxbow being the only Class A apartment project in the town. While other projects have been proposed, none have been approved, meaning that no new supply will be delivered until 2027 or beyond.
Desirable Active Adult Component: 30% of Alta Oxbow’s units are set aside for residents aged 55 and older. Active adult living is an underserved segment of the market and typically commands higher rents than traditional apartments. With an impressive 86% renewal trend and 12% YTD rent increases, Alta Oxbow's 55+ apartments offer both resident stability and increased rent premiums.
Residents
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
CONTACT Us
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Chris Phaneuf
INVESTMENT SALES
MORTGAGE BANKING
Senior Managing Director
617.648.4191
chris.phaneuf@berkadia.com
Boston Office
125 High Street, Suite 1712 | Boston, MA 02110
Peter Dudunakis
Financial Analyst
617.648.4180
peter.dudunakis@berkadia.com
Adam Dunn
Managing Director
617.648.4192
adam.dunn@berkadia.com
Simona Wilson
Senior Director – Berkadia Seniors Housing
424.220.7241
simona.wilson@berkadia.com
Jackie Meagher
Senior Director
781.990.0159
jackie.meagher@berkadia.com
Sean Daly
Associate Director
781.990.1748
sean.daly@berkadia.com
PHOTO GALLERY
Visit Doc Center
13,859
Average HH Income
$255,739
Average Home Price
(Realtor.com)
$1.1 Million
Niche
A+ Public School Rating
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492 Boston Post Rd | Wayland, MA 01778
Photo gallery
INVESTMENT HIGHLIGHTS
THE OFFERING
DOC CENTER
Terms of Use
Privacy
Contact
Residents
13,859
Average Home Price
(Realtor.com)
$1.1 Million
Niche
A+ Public School Rating
Average HH Income
$255,739