Boston MSA Flex | 2 Executive Drive
Status
Closed 11x repeat Sponsor seeks to acquire a 100% leased, 113,880 SF flex building occupied by two publicly traded companies with advanced R&D/manufacturing and electronic lab buildouts, featuring a ~7.3-year weighted average lease term, located 30 miles northwest of Boston.
Location
Chelmsford, MA
Investment Strategy
Core-Plus
Property Type
Flex R&D
Open To
Accredited Investors
Closed Date
Oct 2024
Investment Strategies
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*As reported by Investopedia, on 12/31/22, based on a variety of factors.
Sponsor Details
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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LP Investor Equity
$5,575,519
35.9%
GP Sponsor Co-Investment
$185,851
1.2%
GP Other Equity
$433,651
2.8%
Senior Debt
$9,327,500
60.1%
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Total
$15,522,521
100%
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