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2 Oliver Street

Chaos Leases 6,662 SF Office Space At 2 Oliver Street In Boston With Avison Young Brokers
LEASEDOffice

Chaos Leases 6,662 SF Office Space At 2 Oliver Street In Boston With Avison Young Brokers

2 Oliver Street

Building Size

6,662 SF

Asset Type

Office

Closing

Jul 26, 2024

AI

The property asset involved in this lease transaction is located at 2 Oliver Street in Boston, MA. This office space encompasses 6,662 square feet and is designed to cater to the increasing demand for high-quality hybrid workspaces, providing various amenities such as a full-service bar, fitness center, and golf simulator.

Summary of transaction details:

This lease transaction allows Chaos, a 3D visualization technology firm, to consolidate its operations from two separate floors at 71 Summer Street into the new office space, streamlining its business operations in a modern environment.

Players

Jeffrey Gates

Avison Young

Broker

$9.6M

vol

3 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