Updated Dec 11, 2024
Intercontinental Real Estate Acquires Office Property In Cambridge For $101.25M
955 Massachusetts Ave, Boston, MA 02118, USA
$101,250,000
$1,065/SF
Building Size
95,000 SF
Asset Type
Office
Closing
Nov 29, 2020
About this deal
AI
An office property located at 955 Massachusetts Avenue in Cambridge has been sold in a closed transaction. The property spans across 95,000 square feet.
Summary of transaction details
- Property Type: Office
- Sale Price: $101,250,000
- Square Footage: 95,000
- Market: Cambridge
The seller of the property was DivcoWest Real Estate Investments, represented by Stuart Shiff, Robert Mashaal, and Mike Carp. The buyer was Intercontinental Real Estate Corp., represented by Peter Palandjian and Paul Nasser.
The office sale at 955 Massachusetts Ave, Boston, MA 02118, USA in Boston, Massachusetts sold for $101.3M in 2020. The building is 95,000 square feet, implying about 1.1K per square foot on the published price. Named participants on the 955 Massachusetts Ave, Boston, MA 02118, USA sale are Stuart Shiff, Robert Mashaal. This page is the Boston, Massachusetts file for the 955 Massachusetts Ave, Boston, MA 02118, USA office sold: pricing, party profiles, and other closed office comps from the same Boston sit in the Market section below. Filter that Boston office set by closing date to see what else sold near 955 Massachusetts Ave, Boston, MA 02118, USA around 2020. Published consideration for 955 Massachusetts Ave, Boston, MA 02118, USA is $101.3M, dated 2020. Cite this Intercontinental Real Estate Acquires Office Property In Cambridge For $101.25M sale when underwriting similar office product around Boston, Massachusetts.
Players
Boston 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
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93