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Rhino Capital Advisors Acquires Unoccupied Office Building In Boston For $14.6M

Property Image
SOLD
$14,600,000

Massachusetts

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Office56,000 SF
Sold 12/29/2023
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Property Image
SOLD

Rhino Capital Advisors Acquires Unoccupied Office Building In Boston For $14.6M

110 Canal Street

See Similar Deals
Office56,000 SF
Sold 12/29/2023
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$260
Total Square Footage:56,000 SF
Transaction Type:Sale

Rhino Capital Advisors LLC, represented by Michael Olson, acquired an unoccupied 56,000-square-foot office building located at 110 Canal Street in Boston, Massachusetts. The property was sold by Alcion Ventures and Quaker Lane Capital, with Mark Potter and Puja Suneja Peruto serving as the sellers' representatives. The transaction took place on December 29, 2023, and the sale price was $14.6 million.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $14,600,000
  • Square Footage: 56,000
  • Price per Square Foot: $261
  • Address: 110 Canal Street, Boston, MA
  • Seller: Mark Potter - Alcion Ventures & Puja Suneja Peruto - Quaker Lane Capital
  • Buyer: Michael Olson - Rhino Capital Advisors LLC

This transaction involved Rhino Capital Advisors LLC, led by Michael Olson, as the buyer of the office building. Mark Potter, representing Alcion Ventures, and Puja Suneja Peruto, representing Quaker Lane Capital, represented the sellers in the deal.

Players

Michael Olson
Michael Olson
7 deals$156.1M volume
BUYER

Details

SOLD
IMAGE: Mark Potter, Puja Suneja Peruto & Michael Olson DATE: 12/29/2023 ADDRESS: 110 Canal Street MARKET: Boston, MA ASSET TYPE: Office BUYER: Michael Olson - Rhino Capital Advisors LLC SELLER: Mark Potter - Alcion Ventures & Puja Suneja Peruto - Quaker Lane Capital SALE PRICE: $14,600,000 SF: 56,000 ~ PPSF: $261 NOTE: Rhino Capital Advisors LLC acquired an unoccupied 56,000-square-foot office building at 110 Canal St. in Boston for $14.6 million on December 29.

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