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Scott M. Brinker Of Healthpeak Properties Acquires Industrial Site In Cambridge For $20M
SOLD
$20,000,000
Massachusetts
See Similar DealsIndustrial46,700 SF
Sold 03/03/2025
SOLD
Scott M. Brinker Of Healthpeak Properties Acquires Industrial Site In Cambridge For $20M
100 Smith Place
See Similar DealsIndustrial46,700 SF
Sold 03/03/2025
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$428
Total Square Footage:46,700 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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