Boston Properties Acquires Laboratory In Waltham, MA For $100M
SOLD
$100,000,000
Massachusetts
See Similar DealsOther153,000 SF
Sold 06/04/2020
SOLD
Boston Properties Acquires Laboratory In Waltham, MA For $100M
153 Second Avenue, Waltham, Massachusetts, USA
See Similar DealsOther153,000 SF
Sold 06/04/2020
Summary
MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$653
Total Square Footage:153,000 SF
Transaction Type:Sale
153 & 211 Second Avenue, located in Waltham, MA, has been sold in a recent transaction. The property, classified as a laboratory, covers an area of approximately 153,000 square feet. The sale price for this asset was $100,000,000, resulting in a price per square foot of $654.
Summary of transaction details:
- Property Type: Laboratory
- Sale Price: $100,000,000
- Address: 153 & 211 Second Avenue, Waltham, MA
- Market: Waltham, MA
In this transaction, Montana Avenue Capital Partners, LLC acted as the seller, while Boston Properties, Inc., represented by Bryan Koop and David Provos, served as the buyer. Bryan Koop and David Provos are the representatives of Boston Properties, Inc. in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,333,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$355,278.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$474,051.02
Annual Debt Service$5,688,612.21
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