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69 Canal Street

Geller Benjamin LLP Leases 3513 SF Office At 69 Canal Street Boston With Artemis Partners
LEASEDOffice

Geller Benjamin LLP Leases 3513 SF Office At 69 Canal Street Boston With Artemis Partners

69 Canal Street

Building Size

3,513 SF

Asset Type

Office

Closing

May 23, 2025

AI

The asset involved in this lease transaction is an office space located at 69 Canal Street, Boston, MA. The total square footage of the property is 3,513 square feet, catering to the needs of a professional environment.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 69 Canal Street
  • Market: Boston, MA
  • Landlord: Artemis Partners
  • Tenant: Geller Benjamin, LLP
  • Brokers: Jeffrey Gates & Kirk Weller - Avison Young

This lease represents a significant move for Geller Benjamin, LLP, as they transition from a co-working space to their first dedicated office. The representation in this deal was managed by brokers Jeffrey Gates and Kirk Weller of Avison Young, who facilitated the arrangement between the parties involved.

Players

Jeffrey Gates

Avison Young

Broker

$9.6M

vol

3 deals

Broker

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