Greatland Realty Partners Acquires Office Property In Lexington, MA For $16.3M
40 Hartwell Avenue, Lexington, Massachusetts 02420, United States
$16,300,000
$543/SF
Building Size
30,000 SF
Asset Type
Office
Closing
Oct 10, 2022
AI
The office property located at 40 Hartwell Ave in Lexington, MA was recently sold in a transaction that closed on 10/11/2022. The property spans across approximately 7 acres.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $16,300,000
- Square Footage: 30,000
- Price per Square Foot: $543
- Address: 40 Hartwell Ave, Lexington, MA
- Market: Lexington, MA
The buyer of this property is Greatland Realty Partners, while the seller is Duffy Properties. This transaction represents a significant investment in the Lexington office market.
Players
Lexington 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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93