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179 Lincoln St, Boston, MA,...

Smartsheet Leases 19238 Square Feet At 179 Lincoln St Boston With Invesco Real Estate
LEASEDOffice

Smartsheet Leases 19238 Square Feet At 179 Lincoln St Boston With Invesco Real Estate

179 Lincoln St, Boston, MA, 02111

Building Size

19,238 SF

Asset Type

Office

Closing

Jun 22, 2017

AI

The property asset involved in the transaction is located at 179 Lincoln St, Boston, MA, 02111. It consists of 19,238 square feet of office space. The market for this property is Boston, and it is part of a Class A asset owned by Invesco Real Estate.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Square Feet: 19,238
  • Address: 179 Lincoln St, Boston, MA, 02111
  • Market: Boston
  • Tenant: Smartsheet
  • Landlord: Invesco Real Estate
  • Tenant's Representatives: Larry Epstein - Avison Young, Jim Kinerk - Broderick Group

In this transaction, Invesco Real Estate has completed negotiations on multiple office leases totaling over 70,000 square feet at the same asset. Other tenants include Power Advocate, XPO Logistics, OUTFRONT Media, Mechanical contractor E.M. Duggan, and AMCS Group, represented by various brokers including JLL and CBRE/New England.

Players

Jim Kinerk

Broderick Group

Broker

1 deal

Broker
Invesco Real Estate
Invesco Real EstateLender
Invesco Real Estate
Invesco Real EstateLandlord

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