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9 Mount Auburn Street

Andover-based LLC Acquires Packard Humanities Institute Office Portfolio In Cambridge
SOLDOffice

Andover-based LLC Acquires Packard Humanities Institute Office Portfolio In Cambridge

9 Mount Auburn Street, 11A Mount Auburn Street & 11b Mount Auburn Street

$3,550,000

$157/SF

Building Size

22,500 SF

Asset Type

Office

Closing

May 20, 2024

AI

The Packard Humanities Institute sold properties at 9, 11A, and 11B Mount Auburn Street in Cambridge for $3.55M. The buildings, dating back to the early 1900s, offer a total of 7,500 sq ft of office space and are situated near Harvard Square.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $3,550,000
  • Address: 9 Mount Auburn Street, 11A Mount Auburn Street & 11B Mount Auburn Street
  • Market: Cambridge, MA

David W. Packard from the Packard Humanities Institute was the seller of the mentioned properties. The buyer, an Andover-based LLC, completed the acquisition of these office spaces near Harvard Square.

Players

Cambridge 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

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93