SOLDMixed-use
Diversified Healthcare Trust Sells Mixed-Use Property In Boston For $378M
11 Fan Pier Boulevard, Boston, Massachusetts 02210, United States
$378,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jan 6, 2022
AI
Diversified Healthcare Trust has entered into a contract to sell a mixed-use property located at 11 Fan Pier & 50 Northern Avenue in Boston, MA. The transaction is currently in progress.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $378,000,000 (Approx.)
- Equity Interest: 35%
Jennifer F. Francis is representing Diversified Healthcare Trust in the sale of this property.
Players
Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93