Updated Jul 27, 2026
Affiliate Of Barings Acquires Medical Office In Peabody For $62 Million From Boston Children’s Hospital
10 Centennial Drive
$62,000,000
$543/SF
Building Size
114,000 SF
Asset Type
Medical Office
Closing
Jul 24, 2026
About this deal
AI
The medical office located at 10 Centennial Drive in Peabody, MA was sold for $62 million. The asset spans 114,000 square feet, resulting in a price per square foot of $544.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $62,000,000
- Buyer: Affiliate of Barings
- Seller: Kevin Churchwell - Boston Children’s Hospital
- Sale Date: 07/24/2026
- Market: Peabody, MA
- Square Footage: 114,000
- Price per Square Foot: $544
This transaction was part of a sale-leaseback deal, which allows Boston Children’s Hospital to continue operations at the Peabody campus while unlocking cash and reducing debt.
On the Map
$62,000,000
$543/SF
Medical Office
View full map
Players
Peabody Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Peabody medical office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93