Hammond Agent Barrie Wheeler Named Exclusive Marketing Agent for Prime Brookline Parking Lot

Boston (February 4, 2015) – Jim Nemetz, manager of Hammond Residential Real Estate in Chestnut Hill, is pleased to announce that Barrie Wheeler has been named the exclusive listing agent in connection with the sale of 195 Rawson Road in Brookline, a spacious parking parcel located in Brookline’s popular Washington Square neighborhood.

Situated on a 9,171 square foot lot with twenty parking spaces, 195 Rawson Road is being offered for $999,000. The property enjoys minimal vacancy rates and affords easy access to Washington Square, including the Washington Square Station MBTA Green Line stop, as well as numerous restaurant and retail destinations.

Ownership of 195 Rawson Road provides a unique opportunity for investment clients who seek to own a highly-desirable parking parcel in a market where turnover is rare. According to data provided by The Warren Group, there has been only one parking lot sale in Brookline in the past five years. By comparison, The Warren Group reports the highest-priced parking lot sale in downtown Boston in 2014 occurred at 338 Congress Street when a 4,939 square foot lot conveyed for $2,875,000.

In recent years, there has been a great deal of interest in connection with the sale of parking spaces in Boston, particularly with the record-breaking $560,000 sale of two tandem spaces located behind 298 Commonwealth Avenue in Boston’s Back Bay neighborhood in 2013. With the recent boom of development in Boston and the surrounding areas, ideally located parking is one of the most sought-after amenities.

Barrie Wheeler said, “I’m extremely pleased to be the listing agent for 195 Rawson Road, which is an exceptionally well- located parcel in Brookline. An investor opportunity like this doesn’t happen very often, which makes it very appealing and desirable for those who are looking to purchase in proximity to Boston. With all the record-breaking snow we’ve experienced this month in the Boston area, demand for spaces in this meticulously-maintained lot will remain strong – even after we finally pass the snowy months!”

Hammond Residential is headquartered in Chestnut Hill, and has three Boston locations and fifteen suburban branch offices. The company reports over two billion dollars in sales volume annually, ranking in sales volume among the top 500 firms in the United States, and as the sixth-highest in mean average sales price and the ninth-highest in sales volume per sales associate. Hammond is well-known as the publisher of the region’s finest magazines featuring local properties for sale. Hammond’s South End office is also the exclusive Regents representative of the Luxury Real Estate network.

For more information, please visit www.HammondRE.com.