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10 Cabot Road, Medford, Mas...

Brookwood Financial Partners Acquires Medford Office Building For $37.55M
SOLDOffice

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

John Nasca

Lee & Associates

Broker

$726M

vol

14 deals

Broker
JLL
JLLBrokerage
KP
KS PartnersSeller

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