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
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.
Cambridge 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93