David Greaney Of Synergy Acquires Medical Office In Boston's West End For $22.5M
101 Merrimac Street
$22,500,000
$127/SF
Building Size
177,000 SF
Asset Type
Medical Office
Closing
Dec 8, 2025
AI
The property involved in the transaction is a 177,000-square-foot medical office building located at 101 Merrimac Street in Boston, MA. The sale price was set at $22,500,000, resulting in a price per square foot of approximately $127.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $22,500,000
- Address: 101 Merrimac Street
- Market: Boston, MA
- Square Footage: 177,000
- Price Per Square Foot: $127
- Buyer: David Greaney - Synergy
This transaction was characterized by David Greaney representing Synergy, which acquired the property anchored by Massachusetts General Hospital in Boston’s West End.
Players
Boston Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93