Mass General Brigham Acquires Office Building In Braintree, MA For $14M
60 Columbian Street, Braintree, MA, USA
$14,000,000
$123/SF
Building Size
113,280 SF
Asset Type
Office
Closing
Jul 6, 2021
AI
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
Braintree 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93