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Taurus Investment Holdings LLC Acquires Office Building In Concord For $74.5M

Property Image
SOLD
$74,500,000

Massachusetts

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Office410,296 SF
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SOLD

Taurus Investment Holdings LLC Acquires Office Building In Concord For $74.5M

300 Baker Ave, Concord, MA, 01742

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Office410,296 SF
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$181
Total Square Footage:410,296 SF
Transaction Type:Sale

Located in Concord, MA, at 300 Baker Ave, this Class A office building spans 410,296 square feet. The property was recently acquired by Taurus Investment Holdings LLC for a total price of $74,500,000. At the time of purchase, the building was 93.2 percent leased to 13 tenants, with notable occupants including Welch’s corporate headquarters and a satellite facility for Emerson Hospital. Additionally, the building boasts amenities such as a fitness facility, conference center, cafeteria, and a Starbucks kiosk. The seller of this prime office space was Novaya Real Estate Ventures.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $74,500,000.00
  • Market: Concord
  • Buyer's Representative: Robert Griffin (Newmark)
  • Buyer: Taurus Investment Holdings LLC

Robert Griffin and Edward Maher played key roles in facilitating the transaction as they led a team from Newmark Knight Frank that represented Taurus Investment Holdings LLC throughout the deal. The buyer's representative, Robert Griffin, ensured a smooth acquisition process for the purchase of the 300 Baker Avenue office building in Concord, MA.

Players

Robert (Rob) Griffin
72 deals$7.3B volume(617) 863-8611
BROKER

Taurus Investment Holdings
BUYER

Details

SOLD
IMAGE: 300 Baker Ave, Concord, MA, 01742 MARKET: Concord ASSET TYPE: Office BUYER'S REP: Robert Griffin(Newmark) BUYER: Taurus Investment Holdings LLC PRICE: $74,500,000.00 SF: 410296

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

5.33%

Cash Flow (Annual)-$264,682.77
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