Cambridge Health Alliance Renews 75,330 Square Foot Lease At 195 Canal Street Malden MA
195 Canal Street
Building Size
75,330 SF
Asset Type
Medical Office
Closing
Jul 16, 2026
AI
The property involved in this transaction is a medical office located at 195 Canal Street in Malden, MA. The asset spans 75,330 square feet and is identified as a Medical Office. The transaction is notable for its long-term lease agreement, ensuring the continued operation of healthcare services at this location.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not Specified
- Address: 195 Canal Street
- Market: Malden, MA
- Landlord: John Pereira - Combined Properties
- Tenant: Cambridge Health Alliance
- Brokers: Paul Delaney & Carter Swaebe - Cresa
This long-term lease renewal was executed for a minimum period of 10 years, thereby securing the presence of the Malden Family Medicine Center along with its primary, specialty, and teaching healthcare operations at the site.
Players
Canale 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