PGIM Real Estate Acquires Boston Property At 99 Kneeland St For $144.5M
99 Kneeland St, Boston, MA, 02111
$144,500,000
Building Size
—
Asset Type
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Closing
Nov 19, 2023
AI
The property located at 99 Kneeland St, Boston, MA, 02111 was transacted for $144,500,000.00. This transaction occurred in the Boston market and involved a total square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $144,500,000.00
- Address: 99 Kneeland St, Boston, MA, 02111
- Market: Boston
- Seller's Representatives: Mark Campbell-HFF, Matthew Lawton-JLL, Chris Phaneuf-Berkadia
- Buyer: PGIM Real Estate
This transaction was facilitated by multiple seller representatives, specifically Mark Campbell from HFF, Matthew Lawton from JLL, and Chris Phaneuf from Berkadia, who played key roles in the deal's completion. The buyer, PGIM Real Estate, is noted for their involvement in this significant market acquisition.
Players
Boston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93