facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Office

/

Sale

/

900 Middlesex Turnpike, Bil...

ChemGenes Corporation Acquires Office Building In Billerica, MA For $11.05M
SOLDOffice

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

Ken Oppenheim

Hunneman

Broker

$19.2M

vol

5 deals

Broker
Michael Olson

Michael Olson

Rhino Capital

Seller

$156.1M

vol

7 deals

Seller

Billerica Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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