ChemGenes Corporation Acquires Office Building In Billerica, MA For $11.05M
900 Middlesex Turnpike, Billerica, MA, USA
$11,050,000
$147/SF
Building Size
75,000 SF
Asset Type
Office
Closing
Jan 27, 2021
AI
The office building located at 900 Middlesex Turnpike - Bldg. Billerica, MA has been sold in a recent transaction. The property, spanning 75,000 square feet, was sold for a total sale price of $11,050,000. The seller, Rhino Capital, was represented by Michael Olson, while the buyer, ChemGenes Corporation, was represented by Amar Raj. The deal was facilitated by Ken Oppenheim from Hunneman.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $11,050,000
- Square Footage: 75,000
- Price per Square Foot: $147
- Seller: Rhino Capital - Michael Olson
- Buyer: ChemGenes Corporation - Amar Raj
- Broker: Ken Oppenheim - Hunneman
The office building transaction involved key individuals and companies. Rhino Capital, represented by Michael Olson, sold the property to ChemGenes Corporation, represented by Amar Raj. The deal was facilitated by Ken Oppenheim from Hunneman. The transaction showcases the active commercial real estate market in Billerica, MA.
Players
Billerica 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93