Updated May 13, 2025
Park Bagelry Signs Lease At Allston Labworks With Landlord Thomas Ragno
250 Western Avenue
Building Size
20,000 SF
Asset Type
Life Sciences
Closing
May 12, 2025
About this deal
AI
The property involved in this transaction is a life sciences asset located at 250 Western Avenue, Allston, MA, with a total square footage of 20,000. This asset is part of King Street Properties' 535K SF life sciences development in Boston.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: Not specified
- Address: 250 Western Avenue
- Market: Allston, MA
- Landlord: Thomas Ragno - King Street Properties
- Tenant: Park Bagelry
In this lease transaction, Park Bagelry is the tenant, having signed the lease agreement with landlord Thomas Ragno representing King Street Properties. This deal marks the establishment of a new tenant within the life sciences development.
On the Map
Life Sciences
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Allston Life Sciences Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93