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.
Boston Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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