Alexandria Real Estate Equities Acquires Office Building In Woburn, MA For $124.7M
SOLD
$124,700,000
Massachusetts
See Similar DealsOffice440,000 SF
Sold 02/04/2022
SOLD
Alexandria Real Estate Equities Acquires Office Building In Woburn, MA For $124.7M
225 Presidential Way, Woburn, Massachusetts 01801, United States
See Similar DealsOffice440,000 SF
Sold 02/04/2022
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$283
Total Square Footage:440,000 SF
Transaction Type:Sale
The office property located at 225 & 235 Presidential Way in Woburn, MA has been sold for a total price of $124,700,000. The property spans approximately 440,000 square feet, resulting in a price per square foot of $283.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $124,700,000
- Square Footage: 440,000
- Price Per Square Foot: $283
- Address: 225 & 235 Presidential Way, Woburn, MA
- Market: Woburn, MA
The buyer in this transaction is Alexandria Real Estate Equities, represented by Joel Marcus.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,650,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$443,032.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$591,141.62
Annual Debt Service$7,093,699.43
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