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
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.
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