Healthpeak Properties Inc. Acquires Office Property In Cambridge, MA For $180M
SOLD
$180,000,000
+ 3
Massachusetts
See Similar DealsOffice228,592 SF
Sold 09/15/2021
SOLD
Healthpeak Properties Inc. Acquires Office Property In Cambridge, MA For $180M
10 Moulton Street, Cambridge, Massachusetts, USA
See Similar DealsOffice228,592 SF
Sold 09/15/2021
+ 3
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$787
Total Square Footage:228,592 SF
Transaction Type:Sale
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
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$9,600,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$639,501.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$853,291.83
Annual Debt Service$10,239,501.98
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