Updated May 12, 2025
Thomas Ragno-Stephen Lynch Of King Street Properties Acquires Life Sciences Lab In Cambridge For $9.5M
357 Allston St & 365 Allston Street
$9,500,000
$950/SF
Building Size
5,000 SF
Asset Type
Life Sciences
Closing
Mar 10, 2025
About this deal
AI
The property asset involved in the transaction is a life sciences facility located at 357-365 Allston Street in Cambridge, MA. The transaction was completed for a total amount of $9,500,000, encompassing a square footage of 5,000, which equates to a price per square foot of $1,900.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: $9,500,000
- Address: 357-365 Allston Street
- Market: Cambridge, MA
- Square Footage: 5,000
- Price per Square Foot: $1,900
- Buyer: Thomas Ragno-Stephen Lynch
- Company: King Street Properties
Key individuals in this transaction include Thomas Ragno and Stephen Lynch, who represent King Street Properties and were responsible for the acquisition of the lab space in Cambridgeport.
On the Map
$9,500,000
$950/SF
Life Sciences
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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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93