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US Hwy 202/206

Maxim Properties Acquires Office Building In Bridgewater For $39M
SOLDOffice

Maxim Properties Acquires Office Building In Bridgewater For $39M

US Hwy 202/206

$39,000,000

$333,333/SF

Building Size

117 SF

Asset Type

Office

Closing

Feb 8, 2022

AI

Maxim Properties has purchased an office asset located at 700 Route 202/206 in Bridgewater. The property spans a total of 117,000 square feet and was sold for $39,000,000, resulting in a price per square foot of $333. The transaction was completed on August 2, 2022.

Summary of transaction details

The deal was facilitated by Kevin Welsh, Brian Schulz, and Maria Betancourt from Newmark, who represented both the buyer and the seller in this transaction.

Players

Brian Schulz

Newmark

Broker

$1B

vol

15 deals

Broker
EQT Exeter
EQT ExeterSeller

Bridgewater Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93