Updated Oct 28, 2024
Outshine Properties & Jadian Capital Acquires Mixed-use Property In Framingham, MA For $93M
100 Crossing Boulevard, Framingham, MA, USA
$93,000,000
$232/SF
Building Size
400,000 SF
Asset Type
Mixed-use
Closing
Nov 18, 2021
About this deal
AI
The mixed-use property located at 100, 175, and 200 Crossing Boulevard & 200 Staples Drive in Framingham, MA has been sold. The transaction took place on November 18, 2021. The property spans over an area of 400,000 square feet and includes various types of uses. The sale price for this property was approximately $93,000,000, resulting in a price per square foot of $233.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $93,000,000 (approx.)
- Address: 100, 175 & 200 Crossing Boulevard & 200 Staples Drive, Framingham, MA
- Market: Framingham, MA
The buyers of this property are Outshine Properties and Jadian Capital. They were represented by Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell from the Newmark agency. It is important to note that no additional information was provided regarding the financing or any other parties involved in the transaction.
Players
Framingham Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93