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195 Canal Street

Cambridge Health Alliance Renews 75,330 Square Foot Lease At 195 Canal Street Malden MA
LEASEDMedical Office

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:

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

Paul Delaney

Cresa

Broker

3 deals

Broker
John Pereira

John Pereira

Combined Properties

Landlord

3 deals

Landlord
CA
Cambridge Health AllianceTenant

Canale Medical Office Market Snapshot

Boundary boundary · Medical Office · Lease transactions

Loading comparables…

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