Healthpeak Properties Acquires Office In Cambridge, MA From Invesco Real Estate For $73M
10 Fawcett Street, Cambridge, MA, USA
$73,000,000
$510/SF
Building Size
143,000 SF
Asset Type
Office
Closing
Oct 4, 2021
AI
10 Fawcett St in Cambridge, MA has been sold in a recent transaction. This office property, spanning 143,000 square feet, was sold for a total of $73,000,000, at an average price per square foot of $510. The sale took place on 10/05/2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $73,000,000
- Address: 10 Fawcett St, Cambridge, MA
- Market: Cambridge, MA
Healthpeak Properties, represented by Thomas M. Herzog, acquired the property from Invesco Real Estate. The transaction was facilitated by brokers Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell from Newmark.
Players
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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93