Updated Oct 28, 2024
Alexandria Real Estate Equities Inc Acquires Office & Lab In Cambridge, MA From Schlumberger Ltd For $120 Million
1 Hampshire Street, Cambridge, Massachusetts 02139, United States
$120,000,000
$620/SF
Building Size
193,403 SF
Asset Type
Office
Closing
Jun 27, 2022
About this deal
AI
The property involved in this closed transaction is an office and lab located at 1 Hampshire St in Cambridge, MA. The sale took place on 06/28/2022.
Summary of transaction details
- Property Type: Office & Lab
- Transaction Amount: $120,000,000
- Address: 1 Hampshire St, Cambridge, MA
- Market: Cambridge, MA
The buyer in this transaction is Alexandria Real Estate Equities Inc, represented by Joel S Marcus. They acquired the property from the seller Schlumberger Ltd, represented by Olivier Le Peuch.
The office sale at 1 Hampshire Street, Cambridge, Massachusetts 02139, United States in Cambridge, Massachusetts sold for $120M in 2022. The building is 193,403 square feet, implying about 620 per square foot on the published price. Named participants on the 1 Hampshire Street, Cambridge, Massachusetts 02139, United States sale are Joel S Marcus. This page is the Cambridge, Massachusetts file for the 1 Hampshire Street, Cambridge, Massachusetts 02139, United States office sold: pricing, party profiles, and other closed office comps from the same Cambridge sit in the Market section below. Filter that Cambridge office set by closing date to see what else sold near 1 Hampshire Street, Cambridge, Massachusetts 02139, United States around 2022. Published consideration for 1 Hampshire Street, Cambridge, Massachusetts 02139, United States is $120M, dated 2022. Cite this Alexandria Real Estate Equities Inc Acquires Office & Lab In Cambridge, MA From Schlumberger Ltd For $120 Million sale when underwriting similar office product around Cambridge, Massachusetts.
Cambridge Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Joel S Marcus to view all their deals.
Browse Massachusetts office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93