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
Burlington Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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