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

Property Image
SOLD
$30,100,000
Justin Smith
Geoffrey Millerd
Christian Brannelly

Massachusetts

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46,350 SF
the dealplayerscompscontact
Property Image
SOLD

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

515 Massachusetts Ave, Cambridge...

See Similar Deals
46,350 SF
Justin Smith
Geoffrey Millerd
Christian Brannelly
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Price Per Square Foot:$649
Total Square Footage:46,350 SF
Transaction Type:Sale

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
Geoffrey Millerd
14 deals$825M volume
BROKER
Justin Smith
Re/Max
Justin Smith
9 deals$96M volume
BROKER
Christian Brannelly
Newmark
Christian Brannelly
2 deals$44M volume
BROKER
FCA
FCA
BUYER

Details

SOLD
IMAGE: 515 Massachusetts Ave, Cambridge... MARKET: Cambridge SELLER'S REP: Justin Smith-Remax, Christian Brannelly-Newmark Knight Frank, Geoffrey Millerd-Newmark BUYER: FCA SELLER: PRICE: $30,100,000.00 SF: 46350

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,605,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$106,938.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,689.36
Annual Debt Service$1,712,272.28