Alexandria Real Estate Equities Inc Acquires Office & Lab In Cambridge, MA From Schlumberger Ltd For $120 Million
SOLD
$120,000,000
Massachusetts
See Similar DealsOffice193,403 SF
Sold 06/28/2022
SOLD
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
See Similar DealsOffice193,403 SF
Sold 06/28/2022
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$620
Total Square Footage:193,403 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$426,334.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$568,861.22
Annual Debt Service$6,826,334.65
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