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1414 Massachusetts Ave, Box...

Stockbridge Capital Acquires Life Science Property In Boxborough MA For $76M
SOLDMixed-use

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

The deal was facilitated by brokers Matthew Sherry, Frank Petz, and John Nasca from Colliers.

Players

John Nasca

Lee & Associates

Broker

$726M

vol

14 deals

Broker
JLL
JLLBrokerage
Stockbridge
StockbridgeBuyer

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