SOLDOffice
The Mount Vernon Company & Beacon Communities Acquire Office Building On Clarendon St, Boston For $51.25M
140 Clarendon Street, Boston, MA 02116
$51,250,000
Building Size
—
Asset Type
Office
Closing
Jan 7, 2022
AI
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.
Players
Boston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93