Brookwood Financial Partners Acquires Medford Office Building For $37.55M
10 Cabot Road, Medford, Massachusetts 02155, United States
$37,550,000
$349/SF
Building Size
107,386 SF
Asset Type
Office
Closing
Dec 28, 2021
AI
Brookwood Financial Partners has acquired an office property in Medford, MA for a sale price of $37,550,000. The property, located at 10 Cabot Rd, offers a total square footage (BSF) of 107,386 at a price per square footage (PPBSF) of $350. The transaction took place on December 28, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $37,550,000
- Address: 10 Cabot Rd, Medford, MA
- Market: Medford, MA
- Buyer: Brookwood Financial Partners
- Seller: KS Partners
- Broker: Frank Petz, Matthew Sherry & John Nasca - Colliers
The transaction, facilitated by Colliers brokers Frank Petz, Matthew Sherry, and John Nasca, highlights the involvement of key individuals and companies in the deal. Brookwood Financial Partners emerged as the buyer, while KS Partners acted as the seller. This transaction showcases the continuous activity and dynamics in the Medford, MA market.
Players
Medford 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93