Updated Oct 28, 2024
Herb Chambers Acquires Office Building In Medford, MA For $20.5M
400 Mystic Avenue
$20,500,000
$232/SF
Building Size
88,182 SF
Asset Type
Office
Closing
Oct 14, 2021
About this deal
AI
The office property located at 400 Mystic Ave in Medford, MA has been sold for a transaction amount of $20,500,000. The property spans a total area of 88,182 square feet, resulting in a price per square foot of $232. The sale took place on October 14, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $20,500,000
- Square Footage: 88,182
- Price Per Square Foot: $232
- Address: 400 Mystic Ave, Medford, MA
- Market: Medford, MA
The buyer of the property is Herb Chambers, while the seller is Eastern Bank, represented by Robert F. Rivers.
Please note that no additional information is available about the office property transaction.
Players
Medford 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93