The Mount Vernon Company & Beacon Communities Acquire Office Building On Clarendon St, Boston For $51.25M
SOLD
$51,250,000
Massachusetts
See Similar DealsOffice
Sold 01/07/2022
SOLD
The Mount Vernon Company & Beacon Communities Acquire Office Building On Clarendon St, Boston For $51.25M
140 Clarendon Street, Boston, MA 02116
See Similar DealsOffice
Sold 01/07/2022
Summary
MASSACHUSETTS
Asset Type:Office
Transaction Type:Sale
The office building located at 140 Clarendon St in Boston, MA has been sold for a total of $51,250,000. The transaction took place on January 7, 2022.
Summary of transaction details:
- Property Type: Office
- Sale Price: $51,250,000
- Address: 140 Clarendon St, Boston, MA
- Market: Boston, MA
The Mount Vernon Company and Beacon Communities were the buyers of the property. The sale was facilitated by Tom Greeley, a representative from Newmark.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,733,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$182,080.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$242,951.15
Annual Debt Service$2,915,413.76
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