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100 Smith Place

Scott M. Brinker Of Healthpeak Properties Acquires Industrial Site In Cambridge For $20M
SOLDIndustrial

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.

Players

Scott M. Brinker

Healthpeak Properties

Buyer

$856M

vol

4 deals

Buyer

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