Colliers Represents Sale Of Office Asset At 15 Broad Street Boston For $13.5M
15 Broad Street
$13,500,000
$177/SF
Building Size
75,914 SF
Asset Type
Office
Closing
Jan 29, 2025
AI
The property asset involved in the transaction is located at 15 Broad Street, Boston, MA. It is categorized as an office type asset with a total square footage of 75,914. The sale price for this property was $13,500,000, resulting in a price per square foot of $177.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,500,000
- Address: 15 Broad Street
- Market: Boston, MA
- Square Footage: 75,914
- Price Per Square Foot: $177
- Brokers: Frank Petz, Matthew Sherry, Rob Schlesinger & Daniel Hincks - Colliers
The deal was facilitated by the brokerage team from Colliers, comprising Frank Petz, Matthew Sherry, Rob Schlesinger, and Daniel Hincks, who represented the parties involved in the transaction, ensuring a successful sale process.
Players
Boston Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93