Partners Group Acquires Office Buildings In Medford And Waltham, MA For $260M
1025 Main Street, Waltham, Massachusetts 02451, United States
$260,000,000
Building Size
—
Asset Type
Office
Closing
Jan 3, 2022
AI
Partners Group, represented by Ron Lamontagne, has acquired an office asset located at 1 Cabot Rd & 1025-1075 Main St, in Medford & Waltham, MA. The property was sold by Davis Investment Ventures Fund II, represented by Quentin Reynolds. The transaction took place on January 3, 2022, and the sale price amounted to $260,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $260,000,000
Ron Lamontagne, from Partners Group, played a key role as the buyer's representative in this deal, while Quentin Reynolds served as the seller's representative for Davis Investment Ventures Fund II.
Players
Waltham Office Market Snapshot
Boundary boundary · Office · 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