XPO Logistics Leases 13470 Square Feet At 179 Lincoln St Boston Through Tenant's Rep John Coakley
179 Lincoln St, Boston, MA, 02111
Building Size
13,470 SF
Asset Type
Office
Closing
Jun 22, 2017
AI
The property located at 179 Lincoln St, Boston, MA, 02111 encompasses a total of 13,470 square feet. It is situated in the Boston market and features several building certifications as part of its recently renovated status.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Landlord: Invesco Real Estate
- Tenant: XPO Logistics
- Tenant's Representative: John Coakley (Cresa)
- Total square footage of transactions: 70,000 square feet
This transaction represents a collaboration between multiple firms in various sectors, including tech, energy, media, logistics, and mechanical firms, who signed leases and expansions totaling a significant area. The property is highlighted by its recent renovations which contribute to its certifications.
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