Healthpeak Properties Acquires Office In Cambridge, MA From Invesco Real Estate For $73M
SOLD
$73,000,000
+ 3
Massachusetts
See Similar DealsOffice143,000 SF
Sold 10/05/2021
SOLD
Healthpeak Properties Acquires Office In Cambridge, MA From Invesco Real Estate For $73M
10 Fawcett Street, Cambridge, MA, USA
See Similar DealsOffice143,000 SF
Sold 10/05/2021
+ 3
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$510
Total Square Footage:143,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,893,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$259,353.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$346,057.24
Annual Debt Service$4,152,686.91
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