Updated Dec 4, 2024
Crosspoint Associates Acquires Retail Property At 1 White Street Cambridge For $20.1M
1 White Street
$20,100,000
$361/SF
Building Size
55,610 SF
Asset Type
Retail
Closing
Aug 22, 2024
About this deal
AI
The retail property located at 1 White Street in Cambridge, MA features a total square footage of 55,610. The recent sale occurred at a price of $20,100,000, translating to a price per square foot of $361.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,100,000
- Buyer: Crosspoint Associates
- Seller: CBRE Investment
- Broker Representatives: Paul Penman & Jonathan Martin - Newmark
Paul Penman and Jonathan Martin represented the buyer, Crosspoint Associates, and the seller, CBRE Investment, in this transaction, facilitating the deal between the two parties involved.
On the Map
$20,100,000
$361/SF
Retail
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Players
Cambridge Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93