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10 Fawcett Street, Cambridg...

Healthpeak Properties Acquires Office In Cambridge, MA From Invesco Real Estate For $73M
SOLDOffice

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

Matthew Pullen

Newmark

Broker

$6.2B

vol

57 deals

Broker
Thomas M. Herzog

Thomas M. Herzog

Healthpeak Properties

Buyer

$292.4M

vol

7 deals

Buyer
R. Scott Dennis

R. Scott Dennis

Invesco Real Estate

Seller

$1.1B

vol

12 deals

Seller

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