Affiliate Of CS Capital Management Acquires Life Science Property In Waltham For $578M
43 Foundry Avenue, Waltham, Massachusetts 02453, United States
$578,000,000
$939,837/SF
Building Size
615 SF
Asset Type
Other
Closing
Jan 23, 2023
AI
An affiliate of CS Capital Management has acquired a life science property located at 43 Foundry Ave, 41 Seyon St, and 152 Grove St in Waltham, MA. The transaction, facilitated by TPG Real Estate represented by Doug Bouquard, closed on January 23, 2023. The property spans 615,000 square feet, with a sale price of $578,000,000, resulting in a price per square foot of $940.
Summary of transation details
- Property Type: Life Science
- Transaction Amount: $578,000,000
- Address: 43 Foundry Ave, 41 Seyon St, and 152 Grove St
- Market: Waltham, MA
- Buyer: Affiliate of CS Capital Management
- Seller: TPG Real Estate - Doug Bouquard
The acquisition was made by an affiliate of CS Capital Management, with TPG Real Estate's representative, Doug Bouquard, facilitating the transaction. This acquisition represents a significant investment in the life science market in Waltham, MA, further emphasizing the growth and potential of the industry in the area.
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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93