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131 Dartmouth Street

Updated Dec 4, 2024

Gogi Gupta Of Gupta Media Expands Office Space To 25000 Square Feet On Dartmouth Street Boston
LEASEDOffice

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

About this deal

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.

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Players

Bryan Sparkes

JLL

Broker

$56M

vol

4 deals

Broker

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

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