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135 William T Morrissey Bou...

Updated Oct 28, 2024

BCP Beat Property LLC Acquires Office Building In Dorchester, MA For $362.5M
SOLDOffice

BCP Beat Property LLC Acquires Office Building In Dorchester, MA For $362.5M

135 William T Morrissey Boulevard, Dorchester, MA 02125

$362,500,000

$513/SF

Building Size

705,465 SF

Asset Type

Office

Closing

Aug 19, 2021

About this deal

AI

The office building located at 135 William T Morrissey Blvd in Dorchester, MA has been sold in a recent transaction. The property, spanning 705,465 square feet, was purchased by Bcp Beat Property Llc from the seller, 135 Morrissey Owner Llc, on August 19, 2021. The sale price for the office asset was $362,500,000, resulting in a price per square foot of $514.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $362,500,000
  • Address: 135 William T Morrissey Blvd, Dorchester, MA
  • Market: Dorchester, MA
  • Square Footage: 705,465
  • Buyer: Bcp Beat Property Llc
  • Seller: 135 Morrissey Owner Llc

This transaction brings together Bcp Beat Property Llc as the buyer and 135 Morrissey Owner Llc as the seller. It's an exciting development in the Dorchester real estate market, showcasing the strength of the commercial office sector. Both parties have successfully negotiated the deal, resulting in the transfer of ownership for 135 William T Morrissey Blvd.

Players

Boston Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $513 per square foot on a published $362.5M for 705,465 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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