facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

All

/

Sale

/

99 Kneeland St, Boston, MA,...

PGIM Real Estate Acquires Boston Property At 99 Kneeland St For $144.5M
SOLD

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

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:

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

Chris Phaneuf

Berkadia

Broker

$294.9M

vol

5 deals

Broker
PGIM
PGIM Buyer

Boston CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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