Updated Oct 29, 2024
FCA Acquires 515 Massachusetts Ave Cambridge For $30.1M With Justin Smith And Christian Brannelly As Seller's Reps
515 Massachusetts Ave, Cambridge...
$30,100,000
$649/SF
Building Size
46,350 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property located at 515 Massachusetts Ave, Cambridge, was sold for $30,100,000.00. The building has a total square footage of 46,350 and is situated in the Cambridge market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $30,100,000.00
- Address: 515 Massachusetts Ave, Cambridge
- Market: Cambridge
- Square Footage: 46,350
- Buyer: FCA
- Seller's Representatives: Justin Smith-Remax, Christian Brannelly-Newmark Knight Frank, Geoffrey Millerd-Newmark
This transaction involved multiple representatives working on behalf of the seller, demonstrating a collaborative effort among the brokers in facilitating the deal. FCA acted as the buyer in this transaction, acquiring the property in the competitive Cambridge market.
On the Map
$30,100,000
$649/SF
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Players
Cambridge CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93