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101 Merrimac Street

David Greaney Of Synergy Acquires Medical Office In Boston's West End For $22.5M
SOLDMedical Office

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

David Greaney

Synergy

Buyer

$356.5M

vol

6 deals

Buyer

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