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:
- 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.
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