Updated Dec 8, 2025
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
About this deal
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.
On the Map
$22,500,000
$127/SF
Medical Office
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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