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328 Cambridge Street, Burli...

1031 Acquires Office Building In Burlington, MA For $14.3M With Newmark Boston Capital Markets & Private Capital Groups
SOLDOffice

1031 Acquires Office Building In Burlington, MA For $14.3M With Newmark Boston Capital Markets & Private Capital Groups

328 Cambridge Street, Burlington, Massachusetts 01803, United States

$14,300,000

Building Size

Asset Type

Office

Closing

Mar 1, 2022

AI

The office building located at 328-330 Cambridge Street in Burlington, MA has been sold for a total of $14,300,000. The sale took place on 03/02/2022.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $14,300,000
  • Date: 03/02/2022
  • Address: 328-330 Cambridge Street, Burlington, MA
  • Market: Burlington, MA

The buyer of the property was 1031. The sale was facilitated by the Newmark Boston Capital Markets & Private Capital Groups, with Robert Griffin, Michael Greeley, Joseph Alvarado, George Demoulas, and Casey Valente serving as the brokers representing both the buyer and seller in the transaction.

Players

Robert Griffin

Newmark

Broker

$7.3B

vol

72 deals

Broker

Burlington 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

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93