Red Bull Leases Office Space At 217 Congress St In Boston
217 Congress St, Boston, MA, 02110
Building Size
3,403 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The office property located at 217 Congress Street in Boston, MA, 02110, consists of 3,403 square feet and was leased to Red Bull. The tenant was represented by Lauria Brennan from Cushman & Wakefield, while the landlord is Drucker Associates.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Red Bull
- Square Feet: 3,403
- Tenant's Rep: Lauria Brennan (Cushman & Wakefield)
- Landlord: Drucker Associates
Newmark recently completed seven leases totaling more than 30,000 square feet at 211 Congress Street in Boston. The 11-story office building, owned by an affiliate of Drucker Associates, is managed by Lincoln Property Company. Tenants at this location benefit from its proximity to transportation options, shopping, dining choices, and the newly opened High Street Place Food Hall.
Players
Boston Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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