Peter Zagorianakos Of Triad Alpha Acquires Office Asset From KS Partners For $8.9M
109 115 Broad Street
$8,900,000
$168/SF
Building Size
52,910 SF
Asset Type
Office
Closing
Apr 22, 2025
AI
The property asset involved in the transaction is an office located at 109-115 Broad Street, Boston, MA. The sale price for this asset was $8,900,000, comprising a total of 52,910 square feet, resulting in a price per square foot of $168.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,900,000
- Address: 109-115 Broad Street
- Market: Boston, MA
- Square Footage: 52,910
- Price Per Square Foot: $168
- Buyer: Peter Zagorianakos - Triad Alpha
- Seller: KS Partners
- Broker Representatives: Frank Petz, Matthew Sherry, Rob Schlesinger, Daniel Hincks & Jack Barrett - Colliers
The transaction featured notable individuals including the buyer, Peter Zagorianakos representing Triad Alpha, and the seller, KS Partners. The deal was brokered by Frank Petz, Matthew Sherry, Rob Schlesinger, Daniel Hincks, and Jack Barrett from Colliers, reflecting a collaborative effort in facilitating the sale.
Players
Boston Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93