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
- Property Type: Office
- Transaction Amount: $33,300,000
- Seller: TA Realty - James O. Buckingham
- Buyer: FoxRock Properties
- Brokers: Newmark - Robert Griffin, Edward Maher, Matthew Pullen & Samantha Hallowell
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
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