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515 Massachusetts Ave, Camb...

FCA Acquires 515 Massachusetts Ave Cambridge For $30.1M With Justin Smith And Christian Brannelly As Seller's Reps
SOLD

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

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:

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.

Players

Geoffrey Millerd

Newmark

Broker

$825M

vol

14 deals

Broker
FCA
FCABuyer

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