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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 2 Oliver Street
- Market: Boston, MA
- Tenant: Chaos
- Brokers: Jeffrey Gates & Kirk Weller - Avison Young
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
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