Diversified Healthcare Trust Sells Mixed-Use Property In Boston For $378M
SOLD
$378,000,000
Massachusetts
See Similar DealsMixed-use
Sold 01/06/2022
SOLD
Diversified Healthcare Trust Sells Mixed-Use Property In Boston For $378M
11 Fan Pier Boulevard, Boston, Massachusetts 02210, United States
See Similar DealsMixed-use
Sold 01/06/2022
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$20,160,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,342,954.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,791,912.85
Annual Debt Service$21,502,954.16
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