Updated Oct 29, 2024
Nan Fung Life Sciences Acquires One Winthrop Square Office Building For $75M
1 Winthrop Square, Boston, Ma 02110, Usa
$75,000,000
$646/SF
Building Size
116,000 SF
Asset Type
Office
Closing
Mar 2, 2020
About this deal
AI
One Winthrop Square, located in the Financial District, has been sold in a closed transaction. The property is an office asset with a total area of 116,000 square feet. The sale price was $75,000,000, resulting in a price per square foot of $646.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $75,000,000
The seller of One Winthrop Square was MAPFRE Insurance, represented by Jaime Tamayo. On the other hand, the buyer was Nan Fung Life Sciences Real Estate, represented by Matthew Powers, Paul Asmar, and Nick Hunnewell.
Players
Boston 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93