1031 Acquires Office Building In Burlington, MA For $14.3M With Newmark Boston Capital Markets & Private Capital Groups
SOLD
$14,300,000
+ 2
Massachusetts
See Similar DealsOffice
Sold 03/02/2022
SOLD
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
See Similar DealsOffice
Sold 03/02/2022
+ 2
Summary
MASSACHUSETTS
Asset Type:Office
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$762,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,804.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,789.30
Annual Debt Service$813,471.55
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