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
Burlington Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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