facebook
Traded Co logo
Submit

MetLife Investment Management Acquires Life Science Property In Burlington MA For $103M

Property Image
SOLD
$103,000,000
David Douvadjian Sr.
Samantha Hallowell
+ 3

Massachusetts

See Similar Deals
Other109 SF
Sold 09/11/2022
the dealplayerscompscontact
Property Image
SOLD

MetLife Investment Management Acquires Life Science Property In Burlington MA For $103M

4 Burlington Woods Drive, Burlington, Massachusetts 01803, United States

See Similar Deals
Other109 SF
Sold 09/11/2022
David Douvadjian Sr.
Samantha Hallowell
+ 3
Contact now

Summary

MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$944,954
Total Square Footage:109 SF
Transaction Type:Sale

Located in Burlington, MA, the life science property at 4 Burlington Woods Drive has been sold in a recent transaction. The property spans a total area of 109,000 square feet, and it was sold for a price of $103,000,000, resulting in a price per square foot of $945. The sale took place on November 9, 2022.

Summary of transaction details:

  • Property Type: Life Science
  • Transaction Amount: $103,000,000
  • Square Footage: 109,000
  • Price per Square Foot: $945
  • Address: 4 Burlington Woods Drive, Burlington, MA
  • Market: Burlington, MA

metlife-investment-management'>metlife-investment-management'>metlife-investment-management'>MetLife Investment Management acquired the property in this transaction, while The Gutierrez Co and GEM Realty Capital acted as the sellers. The deal was facilitated by brokers Robert Griffin, Edward Maher, Matthew Pullen, Samantha Hallowell, David Douvadjian Sr, and Timothy O’Donnell from Newmark.

Players

Matthew (Matt) Pullen
57 deals$6.2B volume
BROKER

Edward Maher
Newmark
57 deals$6.7B volume
BROKER

Samantha Hallowell
Newmark
36 deals$5B volume(617) 863-8627
BROKER

Robert (Rob) Griffin
Newmark
72 deals$7.3B volume(617) 863-8611
BROKER

David Douvadjian Sr.
Newmark
11 deals$1.7B volume
BROKER

Timothy O'Donnell
Newmark
7 deals$1B volume
BROKER

MetLife
BUYER


MetLife
LENDER

Details

SOLD
IMAGE: David Douvadjian Sr, Matthew Pullen, Timothy O’Donnell, Edward Maher, Robert Griffin & Samantha Hallowell DATE: 11/09/2022 ADDRESS: 4 Burlington Woods Drive MARKET: Burlington, MA ASSET TYPE: Life Science BUYER: MetLife Investment Management SELLER: The Gutierrez Co & GEM Realty Capital BROKERS: Robert Griffin, Edward Maher, Matthew Pullen, Samantha Hallowell, David Douvadjian Sr & Timothy O’Donnell - Newmark (@Newmark) SALE PRICE: $103,000,000 SF: 109,000 ~ PPSF: $945

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,493,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$365,937.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$488,272.55
Annual Debt Service$5,859,270.58