Stockbridge Capital Acquires Life Science Property In Boxborough MA For $76M
1414 Massachusetts Ave, Boxborough, MA 01719
$76,000,000
$307/SF
Building Size
247,000 SF
Asset Type
Mixed-use
Closing
Dec 23, 2021
AI
The property involved in this transaction is a Life Science asset located at 1414 Massachusetts Ave in Boxborough, MA. The property spans 247,000 square feet and was sold for a price of $76,000,000, resulting in a price per square foot of $308.
Summary of transaction details
- Property Type: Life Science
- Transaction Amount: $76,000,000
- Date: 12/23/2021
- Address: 1414 Massachusetts Ave
- Market: Boxborough, MA
- Buyer: Stockbridge Capital
- Seller: Lincoln Property Group
- Brokers: Matthew Sherry - Colliers, Frank Petz - Colliers, John Nasca - Colliers
The deal was facilitated by brokers Matthew Sherry, Frank Petz, and John Nasca from Colliers.
Players
Boxborough 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93