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1 Van de Graaff Drive, Burl...

FoxRock Properties Acquires Office Building In Burlington, MA For $33.3M
SOLDOffice

FoxRock Properties Acquires Office Building In Burlington, MA For $33.3M

1 Van de Graaff Drive, Burlington, Massachusetts, USA

$33,300,000

$211/SF

Building Size

157,229 SF

Asset Type

Office

Closing

Sep 1, 2021

AI

The office property located at 1 Van de Graaff Drive in Burlington, MA has been sold in a recent transaction. The property, with a total square footage of 157,229, was sold for a price of $33,300,000, resulting in a price per square foot of $212. The sale took place on 09/01/2021.

Summary of transaction details

TA Realty, represented by James O. Buckingham, served as the seller in the transaction. The buyer was FoxRock Properties. Newmark, with Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell as their representatives, acted as the brokers in the deal.

Players

Matthew Pullen

Newmark

Broker

$6.2B

vol

57 deals

Broker
FoxRock Properties
FoxRock PropertiesBuyer
James Buckingham

James Buckingham

TA Realty

Seller

$870.8M

vol

11 deals

Seller

Burlington 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

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93