Updated Dec 14, 2024
Boston Properties Acquires Laboratory In Waltham, MA For $100M
153 Second Avenue, Waltham, Massachusetts, USA
$100,000,000
$653/SF
Building Size
153,000 SF
Asset Type
Other
Closing
Jun 4, 2020
About this deal
AI
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.
On the Map
$100,000,000
$653/SF
Other
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Players
Waltham 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93