34 Prospect Street Shrewsbury Brochure...Garrett is the Founding Donor of the Danielle Marie Thompson Memorial Fund at the University of New Hampshire, which provides financial assistance

SVN | PARSONS COMMERCIAL GROUP - BOSTON | 1881 WORCESTER ROAD, SUITE 200, FRAMINGHAM, MA 01701 OFFERING MEMORANDUM

34 PROSPECTSTREETSHREWSBURY, MA 01545

Garrett QuinnSenior [email protected]

Marilyn [email protected]

Property Summary

PROPERTY INFORMATION 4Property DetailsSite DescriptionExterior PhotosInterior PhotosInterior PhotosAerial View - Facing SouthAerial View - Facing NorthParcel Plan

LOCATION INFORMATION 13Location MapDemographics Map

CONTACTS 16Garrett QuinnMarilyn SantiagoDisclaimer

OFFERING MEMORANDUM| 34 PROSPECT STREET, SHREWSBURY, MA 01545

OFFERING SUMMARY

Sale Price: Subject To Offer

Lot Size: 1.05 Acres

Year Built: 1920 - Original Bld.

Early 1970's - Sanctuary

& Offices

Building Size: 7,488 SF

Zoning: RB1 - Residential B-1

Submarket: Metrowest

Superior opportunity at 34 Prospect Street in Shrewsbury, MA home of the Mount Olivet Lutheran Church. This 7,488± SFbuilding sits on 1.05± acres with 42± paved parking spaces, and an outdoor playground. Mount Olivet is exploring the useand ownership of its property. Please contact us for further details.

There is a fully furnished lower lever that consists of a full service kitchen and function hall which is perfect forgatherings, meetings, and events. In addition, the property also contains separate meeting rooms, private offices,educational classrooms and conference rooms.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• *All letters of interest and/or offers are subject to board approval.* More information available at: www.mtolivetshrewsbury.org

• Main Sanctuary Occupancy - 135±

• Main Level - 5,206± SF; Lower Level 2,282± SF

• Full service kitchen and recreation hall (maximum occupancy of 120±).

• Education classrooms, and private offices.

• Over 42± parking spaces and an outdoor playground.

• Opportunity to lease back a smaller portion to the current congregation.

Property Summary

34 PROSPECT STREET SHREWSBURY, MA 01545 SVN | Parsons Commercial Group - Boston | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

1 PROPERTYINFORMATION

34 Prospect StreetShrewsbury, MA 01545

34 PROSPECT STREET SHREWSBURY, MA 01545 SVN | Parsons Commercial Group - Boston | Page 4


LOCATION INFORMATION

Street Address 34 Prospect Street

City, State, Zip Shrewsbury, MA 01545

County/Township Worcester County

Submarket Metrowest

Cross Streets Prospect & Spring Street

Road Type Paved

BUILDING INFORMATION

Building Size 7,488 SF

Year Built Original Structure - 1920; Sanctuary and offices - Early 1970's

Construction Status Existing

Framing Wood

Condition Excellent

Roof Asphalt

Free Standing Yes

Number Of Buildings 1

Walls Drywall

Floor Coverings Carpet and Laminate

Exterior Walls Clapboard

PROPERTY DETAILS

Property Type Special Purpose

Assessment $800,000

Property Subtype Church

Zoning RB1 - Residential B-1

Lot Size 1.05 Acres

Submarket Metrowest

Lot Frontage 264

Corner Property Yes

UTILITIES & AMENITIES

Restrooms 2

Exterior Description Original structure built in 1920; Sanctuary and office areas built in early 1970's.

Utilities Description Town Water, Town Sewer, Natural Gas

Property Details


Property is zoned Residential B-1 (RB1) - Some possible uses allowed by right include: religious use, public and non-profit schools, various conservation and recreation uses.Other uses allowed by special permit include: certain agricultural and recreation uses, for-profit schools, certain medical facilities, assisted living centers, bed and breakfastestablishments and professional home office. *(Buyers to verify current use with Town).

SITE DESCRIPTION - ZONING

Located near the intersection of Route 140 and Main Street, 34 Prospect Street allows easy access to Routes 9, 20, 140 and Interstate 290. The property is located just Northof Shrewsbury Center at the corner of Prospect and Spring Streets. Surrounding facilities include the Shrewsbury Public Library. Saint John's High School, Avidia Bank, theUnited States Postal Service, and much more.

LOCATION

Site Description


34 Prospect Street - Ample Parking

34 Prospect Street - View From Prospect Street 34 Prospect Street - Playground Area

Exterior Photos


34 Prospect Street - Meeting Room with Kitchenette 34 Prospect Street - Administrative Office Area

34 Prospect Street - Music Area34 Prospect Street - Main Sanctuary

Interior Photos


34 Prospect Street - Function Room 34 Prospect Street - Function Room Kitchen

34 Prospect Street - Educational Classroom Area34 Prospect Street - Educational Classroom Area

Interior Photos


Aerial View - Facing South


Aerial View - Facing North


Parcel Plan

2 LOCATIONINFORMATION

34 Prospect StreetShrewsbury, MA 01545



Location Map


POPULATION 1 MILE 3 MILES 5 MILES

Total population 5,727 38,296 97,488

Median age 39.2 38.8 37.7

Median age (Male) 37.9 37.7 36.5

Median age (Female) 40.7 39.9 39.0

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 2,117 14,238 37,442

# of persons per HH 2.7 2.7 2.6

Average HH income $107,554 $104,659 $88,908

Average house value $434,437 $424,247 $388,976

* Demographic data derived from 2010 US Census

Demographics Map

3 CONTACTS34 Prospect Street

Shrewsbury, MA 01545


1881 Worcester RoadSuite 200Framingham, MA 01701T 508.271.9229C [email protected]

PROFESSIONAL BACKGROUND

Garrett Quinn is a Senior Advisor for SVN Parsons Commercial Group BOSTON. Garrett joined the team in 2012. He focuses on serving commercial real estate requirements (leasing

and sales) for clients throughout the Suburban Boston market.

Prior to joining SVN Parsons Commercial Group BOSTON , Garrett worked in the MIT Real Estate Office at Colliers Meredith & Grew as a rental agent for MIT Off-Campus Housing.

Garrett also spent four years as the Head Golf Coach and Assistant Men’s Basketball Coach at Newbury College in Brookline, MA.

Garrett is the Founding Donor of the Danielle Marie Thompson Memorial Fund at the University of New Hampshire, which provides financial assistance to undergraduates

participating in study-abroad programs.

Notable Transactions:

Sales

-77 Main Street, Hopkinton, MA. Represented the Buyer in the purchase of a 55,000 SF office building for $8,600,000

-301 Pond Street, Ashland, MA. Represented the Buyer in the purchase of a 36,000 SF retail building for $3,400,000

-24 Porter Road, Littleton, MA. Represented the Seller in the sale of a 43,200 SF flex building for $2,650,000.

-399 River Road Hudson, MA. Represented the Buyer in the purchase of a 54,852 SF flex building for $3,400,000.

-300 Eliot Street, Ashland, MA. Represented the Buyer in the purchase of a 36,000 SF retail plaza for $3,150,000.

-14 Mica Lane, Wellesley, MA. Represented the Seller and procured the Buyer in the purchase of 13,000 SF office building for $1,325,000.

-54-58 Union Street, Ashland, MA. Represented the Seller and procured the Buyer in the purchase of a 5,728 SF office building for $630,000.

-3-11 Turnpike Road, Southborough, MA. Represented the Seller and procured the Buyer in the purchase of a 7,778 SF retail plaza for $925,000.

-54 Central Street, Southborough, MA. Represented the Seller and procured the Buyer in the purchase of a 6,053 SF office building for $489,000.

-60 Pleasant Street, Ashland, MA - Represented the Buyer in the purchase of a 73,475 SF industrial property for $1,900,000.

-185 Devonshire Street, Boston, MA - Represented the Buyer in the purchase of a 2,673 SF office condo for $908,820.

Leases

-IEP Technologies - Leased 32,400 SF at 417 South Street, Marlborough, MA

-MGB, USA Inc - Leased 13,904 SF at 157 Grove Street, Franklin, MA.

-Capital Conventions - Leased 19,500 SF at 155 Northboro Road, Southborough, MA

-Great River Hydro - Leased 7,091 SF at 112 Turnpike Road, Westborough, MA

-Code Red Consultants - Leased 6,469 SF at 154 Turnpike Road, Southborough, MA

-Focus On Fitness - Leased 15,000 SF at 290 Eliot Street, Ashland, MA

-Giuberti Limousine - Leased 10,000 SF at 250 Eliot Street, Ashland, MA

-1-800-Got-Junk? - Leased 10,000 SF at 25 Brigham Street, Westborough, MA

-Associated Couriers - Leased 9,500 SF at 16 Kane Industrial Park, Hudson, MA.

-Fallon Ambulance - Leased 7,500 SF at 250 Eliot Street, Ashland, MA

-New England Office Warehouse - Leased 13,935 SF at 35 Lyman Street, Northborough, MA.

EDUCATION

Graduated from the University of New Hampshire - Bachelor of Arts in Communication

Graduated from Northeastern University - Master of Science in Sports Leadership

MEMBERSHIPS & AFFILIATIONS

MA Licensed Real Estate Salesperson

Vice President of BNI Mass Bay in Ashland, MA

Member of the Economic Development Advisory Group in Ashland, MA

Co-Founder of the Danielle Marie Thompson Memorial Fund at the University of New Hampshire

GARRETT QUINN

Senior Advisor


Garrett Quinn

1881 Worcester RoadSuite 200Framingham, MA 01701T [email protected]

PROFESSIONAL BACKGROUND

Marilyn Santiago is a Commercial Real Estate Advisor at SVN® | Parsons Commercial Group | Boston. In this role, she represents tenants and owners in the selling and leasing of

office, retail, industrial, multi-family and development assets, specifically in the Boston MetroWest/495 markets.

Marilyn joined the firm in 2008 as the Director of Marketing, and brings over 10 years of experience in the commercial real estate field. Prior to joining the firm she held the title of

Investment Sales Associate at CB Richard Ellis Inc. for the Private Client Group in Stamford, CT. She was part of a three-member team representing private sellers in marketing and

trading assets ranging from $2M to $30M in Westchester County, NY and Fairfield County, CT. In 2007, the team was ranked nationally as one of the top 10 producing teams,

averaging $200M in listings.

Earlier in her career, she held the title of Vice President of Marketing and Operations for a Stamford, CT based commercial real estate firm. She was responsible for overseeing the

firm’s overall operating functions with a primary focus on marketing, graphics, administration and IT. Her all-around experience in the real estate business has led to a successful

track record. Her list of clients include: BillShark, Building Blocks Academy, Competitive Edge Services, Fino Realty, GFA Federal Credit Union, Middlesex Savings Bank, Sardinha

Family, SF Management, TCC Verizon Wireless.

Recent Accomplishments & Transactions

• Sold - 305 Foster Street, Littleton, MA - an 80,000 SF Class A office property sold for $4,375,000.

• Sold - 200 Old Colony Avenue, S. Boston, MA - a 12,000 SF office property sold for $4,500,000.

• Sold - 857 Upper Union Street, Franklin, MA - a 12,600 industrial warehouse property sold for $1,250,000.

• Sold - 3-11 Turnpike Road, Southborough, MA - 7,700 SF investment retail property sold for $925,000.

• Sold & Leased - 54 Central Street, Southborough MA - 6,000 SF office building sold for $489,000 and brought building to 100% occupancy within 6 months.

• Sold - Mendon Street, Hopedale, MA - Assemblage of three properties for a mixed used development for $855,000.

• Sold - Represented GFA Federal Credit Union in the acquisition of a land site for their headquarters expansion at 242 & 244 Parker Street, Gardner, MA.

• Sold - 315 Main Street, Boylston, MA - 15 acre land site – Represented Middlesex Savings Bank in the disposition of foreclosure property.

• Lease - TCC Verizon Wireless - 20,000 SF at 6 locations throughout New England.

• Lease - Competitive Edge Services - 8,000 SF at 44 Bearfoot Road, Northborough, MA.

• Lease - Building Blocks Academy - 7,500 SF at 88 Elm Street, Hopkinton, MA.

• Lease - 160,000 SF of renewals on behalf of Parsons Commercial Groups’ private portfolio of properties.

• Marketing Plan & Development - Sale of Weston Woods in Franklin, MA - Sold for $7,840,000.

• Marketing Plan & Development - Sale of a $50,000,000 New Canaan, CT Building Portfolio.

• Marketing Plan & Development - Lease of 200,000 SF Class A trophy property in Stamford, CT.

MEMBERSHIPS & AFFILIATIONS

Past and present affiliations include:

Hopkinton Chamber of Commerce Board Member

Metrowest Chamber of Commerce

Society of Marketing Professionals

MA Licensed Real Estate Salesperson

CT Licensed Real Estate Salesperson

NY Licensed Real Estate Salesperson

MARILYN SANTIAGO

Advisor


Marilyn Santiago


Disclaimer

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be usedfor any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent ofthe SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receivingthese materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct,and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representationsor warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or madeavailable to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fullyexecuted and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor anyof their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this OfferingBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing andagreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospectivepurchaser proceeds at its own risk.

Documents

34 Prospect Street Shrewsbury Brochure...Garrett is the Founding Donor of the Danielle Marie Thompson Memorial Fund at the University of New Hampshire, which provides financial assistance