facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Office

/

Sale

/

1414 Massachusetts Ave, Cam...

Updated Oct 29, 2024

Affiliate Of Walnut Hill Group Acquires Office Building In Cambridge, MA For $79.2M
SOLDOffice

Affiliate Of Walnut Hill Group Acquires Office Building In Cambridge, MA For $79.2M

1414 Massachusetts Ave, Cambridge, Massachusetts 02138, United States

$79,200,000

$1,015,384/SF

Building Size

78 SF

Asset Type

Office

Closing

Apr 17, 2023

About this deal

AI

1414 Massachusetts Avenue, a 78,000 square foot office property located in Cambridge, MA, changed hands in a recent transaction. The property was sold for $79,200,000, reflecting a price per square foot of $1,015. The sale was completed on 12/30/2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $79,200,000
  • Square Footage: 78,000
  • Address: 1414 Massachusetts Avenue, Cambridge, MA
  • Market: Cambridge, MA

An affiliate of Walnut Hill Group acquired the property from Piedmont Office Realty Trust, represented by C. Brent Smith. The transaction involved the buyer and seller, with Walnut Hill Group's representative handling the deal on behalf of the buyer. C. Brent Smith served as the representative for Piedmont Office Realty Trust.

On the Map

Open live map

$79,200,000

$1,015,384/SF

Office

View full map

Players

C. Brent Smith

Piedmont Office Realty Trust

Seller

$79.2M

vol

3 deals

Seller

Cambridge Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Deal FAQ

About $1M per square foot on a published $79.2M for 78 square feet (2023).

Visit C. Brent Smith to view all their deals.

Browse Massachusetts office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets