facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Office

/

Lease

/

105 W First St, Boston, MA ...

CRISPR Therapeutics Leases 263,500 SF Office Space At 105 West First Street In Boston, MA
LEASEDOffice

CRISPR Therapeutics Leases 263,500 SF Office Space At 105 West First Street In Boston, MA

105 W First St, Boston, MA 02127, USA

Building Size

2,635,000 SF

Asset Type

Office

Closing

Jul 27, 2020

AI

The office building located at 105 West First Street in Boston, MA has been leased in a closed transaction. The lease was signed by CRISPR Therapeutics, a tenant in the building. The landlord of the property is Breakthrough Properties, with Dan Belldegrun serving as the representative.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Square Footage: 263,500
  • Address: 105 West First Street, Boston, MA
  • Tenant: CRISPR Therapeutics
  • Landlord: Breakthrough Properties
  • Tenant's Representative: Cushman & Wakefield
  • Landlord's Representative: Newmark Knight Frank

The lease transaction for the office space at 105 West First Street was facilitated by Cushman & Wakefield, who represented CRISPR Therapeutics in the deal. On the other side, Newmark Knight Frank acted as the representative for the landlord, Breakthrough Properties.

Players

Dan Belldegrun

Breakthrough Properties

Landlord

$831M

vol

6 deals

Landlord

Boston Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93