Updated Mar 17, 2025
GI Partners Acquires Life Science Property In Cambridge, MA For $151M
233 Putnam Avenue, Cambridge, Massachusetts 02139, United States
$151,000,000
Building Size
—
Asset Type
Industrial
Closing
Sep 7, 2022
About this deal
AI
The life science property located at 233-249 Putnam Ave & 12-23 Blackstone St in Cambridge, MA has been sold for a total price of $151,000,000. The transaction took place on September 8, 2022.
Summary of transaction details
- Property Type: Life Science
- Transaction Amount: $151,000,000
The buyer of the property was GI Partners, while the seller was The Carlyle Group.
The industrial sale at 233 Putnam Avenue, Cambridge, Massachusetts 02139, United States in Cambridge, Massachusetts sold for $151M in 2022. 233 Putnam Avenue, Cambridge, Massachusetts 02139, United States is classified as Industrial on Traded. This page is the Cambridge, Massachusetts file for the 233 Putnam Avenue, Cambridge, Massachusetts 02139, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Cambridge sit in the Market section below. Filter that Cambridge industrial set by closing date to see what else sold near 233 Putnam Avenue, Cambridge, Massachusetts 02139, United States around 2022. Published consideration for 233 Putnam Avenue, Cambridge, Massachusetts 02139, United States is $151M, dated 2022. Cite this GI Partners Acquires Life Science Property In Cambridge, MA For $151M sale when underwriting similar industrial product around Cambridge, Massachusetts.
Players
Cambridge Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93