Updated Oct 29, 2024
MilliporeSigma Acquires Mixed-Use Property In Burlington, MA For $252.7M
400 Summit Drive, Burlington, Massachusetts, USA
$252,700,000
$722/SF
Building Size
350,000 SF
Asset Type
Mixed-use
Closing
Jan 21, 2021
About this deal
AI
The mixed-use property located at 400 & 600 Summit Drive in Burlington, MA has been sold in a recent transaction. The property was sold by Gutierrez Co. to MilliporeSigma. The sale took place on 01/22/2021 for a total price of $252,700,000. The property spans 350,000 square feet with a price per square foot of $722.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $252,700,000
- Seller: Gutierrez Co.
- Buyer: MilliporeSigma
- Address: 400 & 600 Summit Drive, Burlington, MA
- Market: Burlington, MA
- Square Footage: 350,000
- Price per Square Foot: $722
In this transaction, Arthur J. Gutierrez, Jr. & Gloria M. Gutierrez represented the seller, Gutierrez Co., while the buyer, MilliporeSigma, was represented by their respective representative.
Players
Burlington 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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93