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
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