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Scott M. Brinker Of Healthpeak Properties Acquires Development Site In Cambridge For $3.075M
SOLD
$3,075,000
Massachusetts
See Similar DealsDevelopment Site23,213 SF
Sold 02/12/2026
SOLD
Scott M. Brinker Of Healthpeak Properties Acquires Development Site In Cambridge For $3.075M
25 Spinelli Place
See Similar DealsDevelopment Site23,213 SF
Sold 02/12/2026
Summary
MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$132
Total Square Footage:23,213 SF
Transaction Type:Sale
The property involved in this transaction is a development site located at 25 Spinelli Place in Cambridge, MA. The sale price for the asset was $3,075,000. The site spans an area of 23,213 square feet and features a 20,000-square-foot R&D building. The property is situated next to Healthpeak Properties' 40-acre Cambridge Point development in Alewife.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,075,000
- Address: 25 Spinelli Place
- Market: Cambridge, MA
- Site Area: 23,213 SF
- Price per Square Foot (PPSF): $132
- Buyer: Scott M. Brinker
- Buyer’s Company: Healthpeak Properties
The transaction was facilitated with Scott M. Brinker representing Healthpeak Properties, which acquired the site to enhance its existing development portfolio in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$163,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,924.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,577.07
Annual Debt Service$174,924.83
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