Gazit Horizons Acquires Mixed-Use Property In Cambridge, MA For $45M
1430 Massachusetts Avenue, Cambridge, MA, USA
$45,000,000
$900/SF
Building Size
50,000 SF
Asset Type
Mixed-use
Closing
Dec 22, 2020
AI
The mixed-use property located at 1430 Massachusetts Avenue in Cambridge, MA has been sold for a price of $45,000,000. The sale took place on December 23, 2020, and the property spans an area of 50,000 square feet. The price per square foot for this transaction is $900.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $45,000,000
The seller of the property was University Common Real Estate, while the buyer was Gazit Horizons, Inc. represented by Jeff Mooallem. The deal was facilitated by brokers Brian Doherty and Dave Pergola from Cushman & Wakefield.
Players
Cambridge 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93