Updated Aug 26, 2026
Alexandria Real Estate Equities Inc Sells Lab Condo Units In Cambridge For $45 Million
1 Hampshire Street
$45,000,000
$428/SF
Building Size
105,000 SF
Asset Type
Condo
Closing
Aug 24, 2026
About this deal
AI
Four lab condo units totaling 105,000 square feet located at 1 Hampshire Street in Cambridge, MA, were sold for $45,000,000. The price per square foot stands at $429, with a price per unit of $11,250,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $45,000,000
- Address: 1 Hampshire Street, Cambridge, MA
- Square Footage: 105,000 SF
- Price per Square Foot: $429
- Units: 4
- Price per Unit: $11,250,000
- Seller: Peter M. Moglia - Alexandria Real Estate Equities Inc
- Buyer: Draper
Alexandria Real Estate Equities sold the property to research nonprofit Draper after acquiring the space for $120,000,000 in 2022.
Cambridge Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93