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David Greaney Of Synergy Acquires Medical Office In Boston's West End For $22.5M
SOLD
$22,500,000
Massachusetts
See Similar DealsMedical Office177,000 SF
Sold 12/08/2025
SOLD
David Greaney Of Synergy Acquires Medical Office In Boston's West End For $22.5M
101 Merrimac Street
See Similar DealsMedical Office177,000 SF
Sold 12/08/2025
Summary
MASSACHUSETTS
Asset Type:Medical Office
Price Per Square Foot:$127
Total Square Footage:177,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,200,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,937.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,661.48
Annual Debt Service$1,279,937.75
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