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109 Brookline Ave, Boston, ...

IGHW Acquires Office Building In Fenway For $270M
SOLDOffice

IGHW Acquires Office Building In Fenway For $270M

109 Brookline Ave, Boston, MA 02215, USA

$270,000,000

$947/SF

Building Size

285,000 SF

Asset Type

Office

Closing

Feb 13, 2020

AI

The office property located at 109 Brookline Street in Fenway was sold in a closed transaction. The property spans 285,000 square feet and was sold for a total price of $270,000,000, resulting in a price per square foot of $947.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $270,000,000
  • Square Footage: 285,000
  • Price per Square Foot: $947
  • Address: 109 Brookline Street, Fenway

The seller of the property was Equity Commonwealth, represented by David Helfand. The buyer, IGHW, was represented by Matthew Pullen, Edward Maher, Robert Griffin, Frank Nelson, Matthew Greeley, Samantha Hallowell, and Blake McLaughlin.

Players

Matthew Greeley

Broker

$270M

vol

1 deal

Broker
EC
Equity CommonwealthSeller

Boston Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93