Gogi Gupta Of Gupta Media Expands Office Space To 25000 Square Feet On Dartmouth Street Boston
131 Dartmouth Street
Building Size
25,000 SF
Asset Type
Office
Closing
Jul 26, 2024
AI
The property asset involved in this transaction is an office located at 131 Dartmouth Street in Boston, MA. The asset spans 25,000 square feet and is part of the current market accommodating a tenant looking to expand its operations.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 131 Dartmouth Street
- Market: Boston, MA
- Asset Square Footage: 25,000
- Tenant: Gogi Gupta - Gupta Media
- Lease Duration: 10 years
- Brokers: Benjamin Heller & Bryan Sparkes - JLL
The lease agreement signed by Gupta Media reflects a significant expansion from their previous office space of 12,000 square feet. The company's growth strategy is founded on enhancing in-person collaboration and nurturing company culture, with plans for a 50% headcount increase in the coming years.
Players
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