Updated Oct 28, 2024
Barings Acquires Life Science Property In Bedford, MA For $132M
1 Patriots Park, Bedford, Massachusetts 01730, United States
$132,000,000
$919/SF
Building Size
143,553 SF
Asset Type
Other
Closing
Jun 8, 2022
About this deal
AI
Barings has acquired a life science property located at 1 Patriots Park in Bedford, MA. The property spans 143,553 square feet and was sold for a total price of $132,000,000. The sale price per square foot was $920.
Summary of transaction details
- Property Type: Life Science
- Transaction Amount: $132,000,000
- Date: 06/09/2022
- Address: 1 Patriots Park, Bedford, MA
- Market: Bedford, MA
- Buyer: Barings
- Seller: Jumbo Capital - Nick Trocki & Jay Hirsh
- Brokers: Robert Griffin, Edward Maher, Matthew Pullen & Samantha Hallowell - Newmark
The deal involved prominent individuals including Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell from Newmark who represented the buyer and seller in the transaction.
On the Map
$132,000,000
$919/SF
Other
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Players
Bedford Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93