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1035 Cambridge Street

Michael Grill Purchases Office Condo At 1035 Cambridge Street From Just A Start For $1.275M
SOLDOffice

Michael Grill Purchases Office Condo At 1035 Cambridge Street From Just A Start For $1.275M

1035 Cambridge Street

$1,275,000

$430/SF

Building Size

2,961 SF

Asset Type

Office

Closing

Feb 12, 2025

AI

The property involved in this transaction is an office space located at 1035 Cambridge Street, Cambridge, MA. The asset, which encompasses a total of 2,961 square feet, was sold for a price of $1,275,000, translating to a price per square foot of $431.

Summary of transaction details:

This transaction involved the sale of the office condo by Freudenheim Partners on behalf of the nonprofit organization Just A Start, indicating engagement in the local nonprofit sector. Michael Grill, representing the buying party, completed the purchase of the property.

Players

Leigh Freudenheim

Freudenheim Partners

Broker

$39.1M

vol

6 deals

Broker

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

12.44%

Cash-on-Cash

-3.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93