Harrison Street And Partners Sell Cambridge Discovery Park Life Sciences Campus For $720M
SOLD
$720,000,000
Massachusetts
See Similar DealsOther620,000 SF
Sold 12/07/2020
SOLD
Harrison Street And Partners Sell Cambridge Discovery Park Life Sciences Campus For $720M
Cambridge Discovery Park, Acorn Park Drive, Cambridge, MA, USA
See Similar DealsOther620,000 SF
Sold 12/07/2020
Summary
MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$1,161
Total Square Footage:620,000 SF
Transaction Type:Sale
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
Details
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
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$38,400,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,558,007.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,413,167.33
Annual Debt Service$40,958,007.92
Is there something missing? Send suggestions