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217 Congress St, Boston, MA...

Red Bull Leases Office Space At 217 Congress St In Boston
LEASEDOffice

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

Lauria Brennan

Cushman & Wakefield

Broker

2 deals

Broker
DA
Drucker AssociatesLandlord
RB
Red BullTenant

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