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Cambridge Discovery Park, A...

Harrison Street And Partners Sell Cambridge Discovery Park Life Sciences Campus For $720M
SOLDOther

Harrison Street And Partners Sell Cambridge Discovery Park Life Sciences Campus For $720M

Cambridge Discovery Park, Acorn Park Drive, Cambridge, MA, USA

$720,000,000

$1,161/SF

Building Size

620,000 SF

Asset Type

Other

Closing

Dec 6, 2020

AI

The Cambridge Discovery Park, a life sciences campus located in Cambridge, MA, has been sold for a staggering sum of $720,000,000. This vast property spans across 620,000 square feet, resulting in a price per square foot of $1,161. The transaction took place on 12/07/2020.

Summary of transaction details:

  • Property Type: Life Sciences Campus
  • Transaction Amount: $720,000,000
  • Address: Cambridge Discovery Park
  • Market: Cambridge, MA
  • Square Footage: 620,000
  • Price per Square Foot: $1,161

The sale was facilitated by Harrison Street, The Bulfinch Companies, Inc., and National Real Estate Advisors, LLC. Ben Mohns, representing The Bulfinch Companies, Inc., played a significant role in the transaction as the seller's representative.

Players

NA
National Real Estate AdvisorsSeller

Cambridge Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.02%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93