Updated Dec 21, 2023
Newmark Brokers Facilitate $476M Sale Of Office Building In Cambridge, MA
225 Binney Street, Cambridge, MA 02142
$476,000,000
$1,559/SF
Building Size
305,212 SF
Asset Type
Office
Closing
Dec 28, 2021
About this deal
AI
The property involved in this closed transaction is an office located at 225 Binney St in Cambridge, MA. The transaction date was on 12/28/2021. It was marketed as an office asset with a total square footage of 305,212. The property was sold at a price of $476,000,000, resulting in a price per square foot of $1560.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $476,000,000
- Address: 225 Binney St, Cambridge, MA
- Market: Cambridge, MA
- Square Footage: 305,212
The deal was facilitated by the following brokers from Newmark: Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell.
Players
Cambridge Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Samantha Hallowell 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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93