Jon Davis Of The Davis Companies Secures 15-Year Lease With Cambridge Health Alliance In Medford
1 Cabot Road
Building Size
56,000 SF
Asset Type
Medical Office
Closing
Apr 28, 2025
AI
The transaction involves a medical office space located at 1 Cabot Road, Medford, MA, encompassing a total of 56,000 square feet. This property is part of a lease agreement and is intended for use by a healthcare provider.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not disclosed
- Lease Term: 15 years
- Landlord: Jon Davis - The Davis Companies
- Tenant: Cambridge Health Alliance (CHA)
- Opening Date: June 2025
This lease was secured by The Davis Companies with Cambridge Health Alliance, marking a significant addition to the healthcare resources in the Medford area.
Players
Medford Medical Office Market Snapshot
Boundary boundary · Medical Office · Lease transactions
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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