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
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.
Players
Boston 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
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93