Partners Group Acquires Office Buildings In Medford And Waltham, MA For $260M
SOLD
$260,000,000
Massachusetts
See Similar DealsOffice
Sold 01/03/2022
SOLD
Partners Group Acquires Office Buildings In Medford And Waltham, MA For $260M
1025 Main Street, Waltham, Massachusetts 02451, United States
See Similar DealsOffice
Sold 01/03/2022
Summary
MASSACHUSETTS
Asset Type:Office
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$13,866,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$923,725.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,232,532.65
Annual Debt Service$14,790,391.75
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