Updated Nov 27, 2024
CBRE Investment Management Acquires Life Science Asset In Cambridge, MA
100 Binney Street, Cambridge, Massachusetts 02142, United States
Building Size
432,932 SF
Asset Type
Other
Closing
Mar 31, 2022
About this deal
AI
A life science property located at 100 Binney St in Cambridge, MA has been sold in a transaction. The property spans an area of 432,932 square feet.
Summary of transaction details
- Property Type: Life Science
- Transaction Amount: Not specified
- Date: 04/01/2022
- Market: Cambridge, MA
- Buyer: CBRE Investment Management
- Selling Price: Not specified
- Broker: Robert Griffin, Edward Maher, Matthew Pullen & Samantha Hallowell - Newmark
The transaction involved the participation of CBRE Investment Management as the buyer. The brokers representing the deal were Robert Griffin, Edward Maher, Matthew Pullen, and Samantha Hallowell from Newmark.
Players
Cambridge 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93