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Hilco Real Estate Acquires Property At 41 Seyon St Waltham For $86M With Newmark Rep

Property Image
SOLD
$86,000,000
Matthew (Matt) Pullen
Edward Maher

Massachusetts

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Office440,000 SF
the dealplayerscompscontact
Property Image
SOLD

Hilco Real Estate Acquires Property At 41 Seyon St Waltham For $86M With Newmark Rep

41 Seyon St, Waltham, MA, 02453

See Similar Deals
Office440,000 SF
Matthew (Matt) Pullen
Edward Maher
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$195
Total Square Footage:440,000 SF
Transaction Type:Sale

The property asset involved in the transaction is CenterPoint, located at 41 Seyon St, Waltham, MA. The sale amount for this office complex was $86,000,000.00, and it spans a total square footage of 440,000. The market for this property is Waltham.

Summary of transaction details:

  • Property Type: Office Complex
  • Transaction Amount: $86,000,000.00
  • Square Footage: 440,000
  • Address: 41 Seyon St, Waltham, MA, 02453
  • Market: Waltham
  • Seller's Representative: Matthew (Matt) Pullen, Edward Maher - Newmark
  • Buyer: Hilco Real Estate

The deal was facilitated by NKF Capital Markets, with Edward Maher, Matthew Pullen, and Robert Griffin representing the seller, who is Rubenstein Partners. The anchor tenants at the property include Repligen, EDC (Education Development Center), and Simpson Gumpertz & Heger.

Players

Matthew (Matt) Pullen
Newmark
Matthew Pullen
57 deals$6.2B volume
BROKER
Edward Maher
Newmark
Edward Maher
57 deals$6.7B volume
BROKER
Hilco Real Estate
Hilco Real Estate
BROKERAGE

Details

SOLD
IMAGE: 41 Seyon St, Waltham, MA, 02453 MARKET: Waltham SELLER'S REP: Matthew (Matt) Pullen, Edward Maher -Newmark BUYER: Hilco Real Estate PRICE: $86,000,000.00 SF: 440000

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$305,539.83
Cash-on-Cash Return-1.27%
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Annual Debt Service$4,892,206.50