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200 Donald Lynch BLVD, Marl...

Minardi LP Acquires Office Buildings In Marlborough For $13.1M
SOLDOffice

Minardi LP Acquires Office Buildings In Marlborough For $13.1M

200 Donald Lynch BLVD, Marlborough...

$13,100,000

Building Size

Asset Type

Office

Closing

Nov 22, 2023

AI

The property involved in the transaction is an office asset located at 200 Donald Lynch Blvd in Marlborough, Burlington. The property was sold for $13.1 million and spans a total of 116,762 square feet. The building is currently 95 percent occupied, with tenants like Brookfield Power, Western Digital, and ReWalk Robotics.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $13,100,000.00
  • Address: 200 Donald Lynch Blvd, Marlborough
  • Market: Burlington
  • Buyer: The Minardi Limited Partnership
  • Seller: Pondview JV Owner LLC
  • Tenants: Brookfield Power, Western Digital, ReWalk Robotics

The buyer in this transaction was The Minardi Limited Partnership, represented by William (Wills) Givens of CBRE. On the other hand, Pondview JV Owner LLC was represented by Newmark Knight Frank. The deal was brokered by William Kelleher IV and James Cozza of Kelleher & Sadowsky Associates.

Players

William Givens

CBRE

Broker

$13.1M

vol

4 deals

Broker

Burlington 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

1.21%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93