Updated Oct 29, 2024
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
About this deal
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.
On the Map
$39,000,000
$333,333/SF
Office
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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