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
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