facebook
Traded Co logo
Submit
Daily limit: 0/10

Jonathan G. Davis Of The Davis Companies Acquires 100 Minuteman Road From Peter M. Moglia For $67.3M

Property Image
SOLD
$67,300,000

Massachusetts

See Similar Deals
Office380,000 SF
Sold 11/21/2024
the dealdetailscomps
Property Image
SOLD

Jonathan G. Davis Of The Davis Companies Acquires 100 Minuteman Road From Peter M. Moglia For $67.3M

100 Minuteman Road

See Similar Deals
Office380,000 SF
Sold 11/21/2024
the dealdetailscomps

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$177
Total Square Footage:380,000 SF
Transaction Type:Sale

The transaction involved the sale of a 380,000-square-foot office asset located at 100 Minuteman Road in Andover, MA. The property spans nearly 26 acres and is situated within Minuteman Park, a corporate campus located 25 miles north of Boston. The sale was finalized for a total price of $67,300,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $67,300,000
  • Square Footage: 380,000 SF
  • Price Per Square Foot: $177
  • Buyer: Jonathan G. Davis - The Davis Companies
  • Seller: Peter M. Moglia - Alexandria Real Estate Equities
  • Date of Transaction: 11/21/2024
  • Market: Andover, MA
  • Acres: 26

Jonathan G. Davis represented The Davis Companies in the transaction, while Peter M. Moglia represented Alexandria Real Estate Equities. This sale marks a significant movement in the R&D property sector within the region.

Details

SOLD
IMAGE: Jonathan G. Davis & Peter M. Moglia DATE: 11/21/2024 ADDRESS: 100 Minuteman Road MARKET: Andover, MA ASSET TYPE: Office ~ ACRES: 26 BUYER: Jonathan G. Davis - The Davis Companies (@TheDaviscCos) SELLER: Peter M. Moglia - Alexandria Real Estate Equities SALE PRICE: $67,300,000 SF: 380,000 ~ PPSF: $177 NOTE: Alexandria Real Estate Equities sold 100 Minuteman Road in Andover to The Davis Companies for $67.3M. The 380,000-square-foot R&D property is located on nearly 26 acres in Minuteman Park, a corporate campus 25 miles north of Boston.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,589,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$239,102.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$319,036.33
Annual Debt Service$3,828,436.02