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110 Milk St Boston, MA 0210...

Synergy Investments Acquires One Liberty Square Office Building In Boston For $45M
SOLDOffice

Synergy Investments Acquires One Liberty Square Office Building In Boston For $45M

110 Milk St Boston, MA 02109, USA

$45,000,000

Building Size

Asset Type

Office

Closing

Sep 8, 2023

AI

Synergy Investments has acquired One Liberty Square, a 13-story office building located at 110 Milk Street in the Financial District of Boston, MA. The property was sold for a record-breaking price of $45 million, making it the largest office transaction in Boston in the past 18 months.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $45,000,000
  • Address: 110 Milk Street, Boston, MA
  • Market: Boston, MA
  • Buyer: David Greaney - Synergy Investments

This significant deal was spearheaded by David Greaney, representing Synergy Investments. The acquisition of One Liberty Square showcases Synergy Investments' commitment to expanding its portfolio in the office sector in Boston.

Players

David Greaney

Synergy

Broker

$356.5M

vol

6 deals

Broker
David Greaney

David Greaney

Synergy Investments

Buyer

$356.5M

vol

6 deals

Buyer

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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93