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Colliers Brokers Sale Of Research And Development Park In Bedford For $96M

Property Image
SOLD
$96,000,000
Matthew (Matt) Sherry
Frank Petz
Rob Schlesinger
+ 1

Massachusetts

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Mixed-use2,398,490 SF
Sold 01/30/2025
the dealplayerscompscontact
Property Image
SOLD

Colliers Brokers Sale Of Research And Development Park In Bedford For $96M

4 Crosby Drive, 8 Crosby Drive, 14 Crosby Drive, 16 Crosby Drive & 18 Crosby Drive

See Similar Deals
Mixed-use2,398,490 SF
Sold 01/30/2025
Matthew (Matt) Sherry
Frank Petz
Rob Schlesinger
+ 1
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$40
Total Square Footage:2,398,490 SF
Transaction Type:Sale

The asset involved in the transaction is a Research and Development Park located at 4, 8, 14, 16 & 18 Crosby Drive, Bedford, MA. The sale price was $96,000,000, and the property encompasses a total square footage of 479,698, resulting in a price per square foot of $200.

Summary of transaction details:

  • Property Type: Research and Development Park
  • Transaction Amount: $96,000,000
  • Square Footage: 479,698
  • Price Per Square Foot: $200
  • Address: 4, 8, 14, 16 & 18 Crosby Drive
  • Market: Bedford, MA

The brokers representing this transaction are Matthew Sherry, Frank Petz, Rob Schlesinger & Daniel Hincks from Colliers, highlighting a collaborative effort by experienced professionals in facilitating this deal.

Players

Matthew (Matt) Sherry
Colliers
Matthew Sherry
27 deals$1.3B volume(401) 378-2844
BROKER
Frank Petz
Colliers
Frank Petz
29 deals$1.3B volume
BROKER
Rob Schlesinger
Colliers
Rob Schlesinger
14 deals$498.6M volume(503) 499-0076
BROKER
Daniel Hincks
Colliers
Daniel Hincks
10 deals$314.1M volume
BROKER

Details

SOLD
IMAGE: Matthew Sherry, Frank Petz, Rob Schlesinger & Daniel Hincks DATE: 01/30/2025 ADDRESS: 4 , 8, 14, 16 & 18 Crosby Drive MARKET: Bedford, MA ASSET TYPE: Research and Development Park BROKERS: Matthew Sherry, Frank Petz, Rob Schlesinger & Daniel Hincks (@D_Hincks) - Colliers SALE PRICE: $96,000,000 SF: 479,698 ~ PPSF: $200

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,119,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$341,067.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$455,088.98
Annual Debt Service$5,461,067.72