Updated Oct 28, 2024
GI Partners Acquires Life Science Building In Burlington, MA For $58.1M
3 Burlington Woods Drive, Burlington, Massachusetts 01803, United States
$58,130,000
$354/SF
Building Size
164,000 SF
Asset Type
Other
Closing
Feb 27, 2022
About this deal
AI
A life science property located at 3 Burlington Woods in Burlington, MA, was recently sold for a total of $58,130,000. The property spans a total of 164,000 square feet, resulting in a price per square foot of $354. The sale took place on February 28, 2022, and was facilitated by John Sheputis, who is affiliated with GI Partners.
Summary of transation details:
- Property Type: Life Science
- Transaction Amount: $58,130,000
- Address: 3 Burlington Woods, Burlington, MA
- Square Footage: 164,000
- Price per Square Foot: $354
- Market: Burlington, MA
- Buyer: GI Partners - John Sheputis
John Sheputis, representing GI Partners, acted as the buyer in this transaction. The sale of the life science property in Burlington, MA represents a significant deal in the real estate market. It demonstrates the continued demand for properties in the life science sector and showcases the expertise and negotiation skills of the involved parties.
Players
Burlington 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93