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
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