Newmark Brokers Facilitate $476M Sale Of Office Building In Cambridge, MA
SOLD
$476,000,000
+ 1
Massachusetts
See Similar DealsOffice305,212 SF
Sold 12/28/2021
SOLD
Newmark Brokers Facilitate $476M Sale Of Office Building In Cambridge, MA
225 Binney Street, Cambridge, MA 02142
See Similar DealsOffice305,212 SF
Sold 12/28/2021
+ 1
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$1,559
Total Square Footage:305,212 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$25,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,691,127.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,256,482.84
Annual Debt Service$27,077,794.13
Is there something missing? Send suggestions