Updated Nov 7, 2025
Neil Fox Of Phase 3 Real Estate Partners Acquires Life Sciences Building In Cambridge For $25M
30 Hampshire Street
$25,000,000
$833/SF
Building Size
30,000 SF
Asset Type
Life Sciences
Closing
Oct 31, 2025
About this deal
AI
The property involved in this transaction is a newly built, fully vacant lab building located at 30 Hampshire Street, Cambridge, MA. The total square footage of the asset is 30,000 square feet, and it was sold for a sale price of $25,000,000, translating to a price per square foot of $833.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: $25,000,000
- Address: 30 Hampshire Street
- Market: Cambridge, MA
- Buyer: Neil Fox - Phase 3 Real Estate Partners
- Seller: Last2 Development
- Square Footage: 30,000
- Price Per Square Foot: $833
Neil Fox represented Phase 3 Real Estate Partners in this deal, facilitating the purchase to enhance their life sciences portfolio in the Boston area. The seller of the property was Last2 Development.
On the Map
$25,000,000
$833/SF
Life Sciences
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Players
Cambridge 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93