Mass General Brigham Acquires Office Building In Braintree, MA For $14M
SOLD
$14,000,000
Massachusetts
See Similar DealsOffice113,280 SF
Sold 07/07/2021
SOLD
Mass General Brigham Acquires Office Building In Braintree, MA For $14M
60 Columbian Street, Braintree, MA, USA
See Similar DealsOffice113,280 SF
Sold 07/07/2021
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$123
Total Square Footage:113,280 SF
Transaction Type:Sale
The office property located at 60 Columbian St in Braintree, MA was recently sold in a transaction. The property spans across 113,280 square feet and was sold for a total price of $14,000,000, resulting in a price per square foot of $124.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $14,000,000
- Square Footage: 113,280
- Address: 60 Columbian St, Braintree, MA
- Market: Braintree, MA
Jumbo Capital Inc., represented by Jordan Berns, acted as the seller in this transaction. The buyer of the property is Mass General Brigham Integrated Health Care System.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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