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Synergy Investments Acquires One Liberty Square Office Building In Boston For $45M
SOLD
$45,000,000
Massachusetts
See Similar DealsOffice
Sold 09/08/2023
SOLD
Synergy Investments Acquires One Liberty Square Office Building In Boston For $45M
110 Milk St Boston, MA 02109, USA
See Similar DealsOffice
Sold 09/08/2023
Summary
MASSACHUSETTS
Asset Type:Office
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,400,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50
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