Updated Oct 29, 2024
New Mountain Capital Acquires Office Building In Woburn For $23.9M
55 Dragon Ct, Woburn, MA 01801, USA
$23,864,880
$21/SF
Building Size
1,124,640 SF
Asset Type
Office
Closing
Mar 4, 2020
About this deal
AI
The property involved in this closed transaction is an office located at 55 Dragon Court in Woburn. The property has a total square footage of 112,464 and was sold at a price of $23,864,880, which translates to a price per square foot of $212.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $23,864,880
- Square Footage: 112,464
- Address: 55 Dragon Court
- Market: Woburn
The seller of the property was Boyd Corporation, represented by Mitch Aiello. On the buyer's side, New Mountain Capital, represented by Steve Klinsky, acquired the property.
Players
Woburn 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93