Updated Mar 17, 2025
Celera Properties & AEW Acquire Medical Office In Methuen, MA For $29.5M
5 Branch Street, Methuen, Massachusetts, USA
$29,500,000
$312/SF
Building Size
94,325 SF
Asset Type
Office
Closing
Nov 12, 2021
About this deal
AI
A medical office located at 5 Branch Street in Methuen, MA was recently sold in a closed transaction. The property, spanning a total area of 94,325 square feet, was sold by Marcus Partners to Celera Properties & AEW for a sale price of $29,500,000. This equates to a price per square foot of $313.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $29,500,000
- Address: 5 Branch Street, Methuen, MA
- Market: Methuen, MA
- Buyer: Celera Properties & AEW
- Seller: Marcus Partners
- Brokers: Robert Griffin, Frank Nelson, Michael Greeley, Allie Percoco, Ben Appel, Jay Miele & John Nero - Newmark
- Square Footage: 94,325
- Price per Square Foot: $313
In this transaction, Robert Griffin, Frank Nelson, Michael Greeley, Allie Percoco, Ben Appel, Jay Miele, and John Nero from Newmark represented the buyer and seller.
On the Map
$29,500,000
$312/SF
Office
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Players
Methuen 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93