Updated Oct 28, 2024
Cabot, Cabot & Forbes & Equity Residential Acquire Wakefield Office Property For $30M
200 Quannapowitt Parkway, Wakefield, Massachusetts 01880, United States
$30,000,000
Building Size
—
Asset Type
Office
Closing
Sep 29, 2022
About this deal
AI
The sale of a property located at 200 Quannapowitt Parkway in Wakefield, MA has been completed. The asset type is an office space spanning across 24 acres of land. The transaction took place on 09/30/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $30,000,000
- Address: 200 Quannapowitt Parkway, Wakefield, MA
- Market: Wakefield, MA
- Buyer: Cabot, Cabot & Forbes & Equity Residential
- Seller: Waterstone Wakefield, LLC
- Broker: Neil Denenberg - Denenberg Realty Advisors
The buyer, Cabot, Cabot & Forbes & Equity Residential, acquired the property from the seller, Waterstone Wakefield, LLC. The transaction was facilitated by Neil Denenberg from Denenberg Realty Advisors.
On the Map
$30,000,000
Office
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Players
Wakefield 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93