Updated Dec 19, 2023
Skanska Acquires Development Site In Boston, MA For $177M
380 Stuart Street, Boston, MA, USA
$177,000,000
$5,900/SF
Building Size
30,000 SF
Asset Type
Development Site
Closing
Dec 3, 2020
About this deal
AI
The property involved in this closed transaction is a development site located at 380 Stuart Street in Boston, MA. The sale was completed on December 4, 2020.
Summary of transaction details
- Property Type: Development Site
- Sale Price: $177,000,000
- Square Footage: 30,000 SF
- Market: Boston, MA
The seller of the property was John Hancock Life Insurance Co. The buyer of the property is Skanska, represented by Anders Danielsson. The transaction was completed for a sale price of $177,000,000, which translates to a price of approximately $5,900 per square foot.
Players
Boston Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93