Healthpeak Properties Inc. Acquires Office Property In Cambridge, MA For $180M
10 Moulton Street, Cambridge, Massachusetts, USA
$180,000,000
$787/SF
Building Size
228,592 SF
Asset Type
Office
Closing
Sep 15, 2021
AI
Healthpeak Properties Inc. has acquired an office property located at 10 Moulton St in Cambridge, MA. The transaction took place on September 15, 2021, with a sale price of $180,000,000. The property spans a total area of 228,592 square feet, resulting in a price per square foot of $787. The asset was sold by Clarion Partners.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $180,000,000
- Address: 10 Moulton St, Cambridge, MA
- Market: Cambridge, MA
The deal was facilitated by the brokerage firm Newmark, with Robert Griffin, Edward Maher, Matthew Pullen, Michael Byrne, Samantha Hallowell, and Thomas Greeley representing both the buyer, Healthpeak Properties Inc., and the seller, Clarion Partners.
Players
Cambridge Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93