Planning Office For Urban Affairs & Fenway Community Development Corporation Acquires Historic Boston Building For $14M
20 Charlesgate West
$14,000,000
$240/SF
Building Size
58,320 SF
Asset Type
MultiFamily
Closing
Oct 23, 2023
AI
The historic Boston building at 20 Charlesgate West, known as Our Lady's Guild House, has been sold to the Planning Office for Urban Affairs and Fenway Community Development Corporation. The property transaction took place for a price of $14 million. The Office asset spans across 58,320 square feet and was sold at a rate of $240 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $14,000,000
- Address: 20 Charlesgate West, Boston, MA
- Market: Boston, MA
- Square Footage: 58,320
- Price Per Square Foot: $240
- Buyer: Planning Office for Urban Affairs & Fenway Community Development Corporation
- Broker: Jeanne Pinado - Colliers International
The sale of Our Lady's Guild House to the Planning Office for Urban Affairs and Fenway Community Development Corporation marks an important acquisition for these organizations. The buyer's representative, Jeanne Pinado from Colliers International, facilitated the successful transaction.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93