Matt Barron Of Cariina Secures 6803 Square Foot Lease At 40 Water Street In Boston
40 Water Street
Building Size
6,803 SF
Asset Type
Office
Closing
Mar 4, 2025
AI
The property asset involved in this transaction is an office space located at 40 Water Street in Boston, MA, encompassing a total of 6,803 square feet. The lease agreement marks a significant upgrade for the tenant, transitioning from a smaller 2,100-square-foot coworking space to a more extensive headquarters with modern amenities and dedicated signage.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 40 Water Street
- Market: Boston, MA
- Asset Size: 6,803 SF
- Tenant: Matt Barron - Cariina
- Brokers: Jon Vacca & Kirk Weller - Avison Young
The deal was facilitated by Jon Vacca and Kirk Weller from Avison Young, representing the tenant in securing this new lease. The lease reflects a trend towards companies seeking flexible and move-in-ready office spaces amidst evolving market conditions.
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