facebook
Traded Co logo
Submit

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

Property Image
SOLD
$362,500,000

Massachusetts

See Similar Deals
Office705,465 SF
Sold 08/19/2021
the dealdetailscomps
Property Image
SOLD

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

135 William T Morrissey Boulevard, Dorchester, MA 02125

See Similar Deals
Office705,465 SF
Sold 08/19/2021

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$513
Total Square Footage:705,465 SF
Transaction Type:Sale

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.

Details

SOLD
IMAGE: 08/19/2021 ADDRESS: 135 William T Morrissey Blvd MARKET: Dorchester, MA ASSET TYPE: Office BUYER: Bcp Beat Property Llc SELLER: 135 Morrissey Owner Llc SALE PRICE: $362,500,000 SF: 705,465 ~ PPSF: $514

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$19,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,287,885.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,718,434.94
Annual Debt Service$20,621,219.27