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
- Property Type: Office
- Transaction Amount: $39,000,000
- Address: 700 Route 202/206, Bridgewater
- Market: Bridgewater
- Buyer: Maxim Properties
- Seller: EQT Exeter
- Brokers: Kevin Welsh, Brian Schulz & Maria Betancourt - Newmark
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
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