Updated Mar 24, 2025
Christopher Viehbacher Of Biogen Leases Life Sciences Space At 75 Broadway In Cambridge
75 Broadway
Building Size
580,000 SF
Asset Type
Life Sciences
Closing
Mar 24, 2025
About this deal
AI
The property asset involved in this transaction is a life sciences facility located at 75 Broadway in Cambridge. The asset has a total square footage of 580,000.0 square feet, emphasizing its capacity for accommodating significant business operations.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: Not specified
- Address: 75 Broadway
- Market: Cambridge
- Tenant: Christopher Viehbacher - Biogen
- Landlord: Seth Alexander - MIT Investment Management Co
- Square Feet: 580,000.0
This lease transaction involves Christopher Viehbacher representing Biogen as the tenant, while Seth Alexander is linked with MIT Investment Management Co as the landlord. The engagement reflects a significant move within the life sciences market in the Cambridge area.
On the Map
Life Sciences
View full map
Players
Cambridge Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Lease transactions
Loading comparables…
Deal FAQ
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