GI Partners Acquires Life Science Property In Cambridge, MA For $151M
SOLD
$151,000,000
Massachusetts
See Similar DealsIndustrial
Sold 09/08/2022
SOLD
GI Partners Acquires Life Science Property In Cambridge, MA For $151M
233 Putnam Avenue, Cambridge, Massachusetts 02139, United States
See Similar DealsIndustrial
Sold 09/08/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,053,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$536,471.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$715,817.04
Annual Debt Service$8,589,804.44
Is there something missing? Send suggestions