Updated May 21, 2025
Mass General Brigham Renews Lease For 5401 Sq Ft Medical Office In Medford MA
101 Main Street
Building Size
5,401 SF
Asset Type
Medical Office
Closing
Apr 30, 2025
About this deal
AI
The transaction involved a medical office asset located at 101 Main Street in Medford, MA, comprising a total area of 5,401 square feet. The property is situated in a multi-specialty medical office building.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not specified
- Lease Term: Long-term
- Landlord: Gemini Realty Trust
- Tenant: Anne Klibanski - Mass General Brigham
- Landlord's Representative: Anthony Biette - Freudenheim Partners
- Tenant's Representative: Julie Gray - Newmark
Mass General Brigham renewed its lease, securing tenancy in the property managed by Gemini Realty Trust. Anthony Biette represented the landlord in the negotiations, while Julie Gray acted on behalf of the tenant throughout the leasing process.
On the Map
Medical Office
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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