Nan Fung Life Sciences Acquires One Winthrop Square Office Building For $75M
SOLD
$75,000,000
California
See Similar DealsOffice116,000 SF
Sold 03/03/2020
SOLD
Nan Fung Life Sciences Acquires One Winthrop Square Office Building For $75M
1 Winthrop Square, Boston, Ma 02110, Usa
See Similar DealsOffice116,000 SF
Sold 03/03/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$646
Total Square Footage:116,000 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,000,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$266,459.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$355,538.26
Annual Debt Service$4,266,459.16
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