Updated Dec 4, 2024
Moderna, Inc Acquires Life Science Facility In Marlborough, MA For $91M
149 Hayes Memorial Dr Marlborough, MA 01752, USA
$91,000,000
$650/SF
Building Size
140,000 SF
Asset Type
Life Sciences
Closing
May 30, 2023
About this deal
AI
Oxford Properties Group has sold a newly built, state-of-the-art biomanufacturing facility in Marlborough, MA, to biotechnology company Moderna for $91 million. The property, located at 149 Hayes Memorial Drive, spans across 140,000 square feet and was sold at a price of $650 per square foot.
Summary of transaction details
- Property Type: Life Science
- Transaction Amount: $91,000,000
- Address: 149 Hayes Memorial Drive, Marlborough, MA
- Market: Marlborough, MA
- Buyer: Moderna, Inc
- Seller: Oxford Properties Group - Chad Remis
- Square Footage: 140,000
- Price per Square Foot: $650
Chad Remis from Oxford Properties Group acted as the seller's representative in this transaction, facilitating the sale of the biomanufacturing facility to Moderna, Inc.
Players
Marlborough Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93