40 Water Street
40 Water Street
Building Size
6,803 SF
Asset Type
Office
Closing
Mar 14, 2025
AI
The property asset involved in this transaction is an office space located at 40 Water Street in Boston. The lease was executed on March 14, 2025, encompassing a total of 6,803 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 40 Water Street
- Market: Boston
- Tenant: Cariina
- Tenant's Representatives: Kirk Weller (Avison Young), Jon Vacca (Avison Young)
This transaction features tenant representatives Kirk Weller and Jon Vacca, both from Avison Young, who played a significant role in representing the tenant, Cariina, during the lease negotiation process.
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