Scott M. Brinker Of Healthpeak Properties Acquires Industrial Site In Cambridge For $20M
100 Smith Place
$20,000,000
$428/SF
Building Size
46,700 SF
Asset Type
Industrial
Closing
Mar 3, 2025
AI
A 1.4-acre industrial site located at 100 Smith Place in Cambridge, MA, was sold for $20,000,000. This property encompasses a total area of 46,700 square feet, resulting in a price per square foot of $428.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Address: 100 Smith Place
- Market: Cambridge, MA
- Acres: 1.4
- Square Footage: 46,700
- Price per Square Foot: $428
- Buyer: Scott M. Brinker
- Company: Healthpeak Properties
Scott M. Brinker of Healthpeak Properties facilitated the acquisition, which adds to the company's portfolio for potential mixed-use redevelopment in the Alewife neighborhood.
Cambridge Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93