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Colliers Represents Sale Of Office Asset At 15 Broad Street Boston For $13.5M

Property Image
SOLD
$13,500,000
Frank Petz
Rob Schlesinger
+ 1

Massachusetts

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Office75,914 SF
Sold 01/29/2025
the dealplayerscompscontact
Property Image
SOLD

Colliers Represents Sale Of Office Asset At 15 Broad Street Boston For $13.5M

15 Broad Street

See Similar Deals
Office75,914 SF
Sold 01/29/2025
Frank Petz
Rob Schlesinger
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$177
Total Square Footage:75,914 SF
Transaction Type:Sale

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:

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

Matthew (Matt) Sherry
27 deals$1.3B volume(401) 378-2844
BROKER

Frank Petz
Colliers
29 deals$1.3B volume
BROKER

Rob Schlesinger
Colliers
14 deals$498.6M volume(503) 499-0076
BROKER

Daniel Hincks
Colliers
10 deals$314.1M volume
BROKER

Details

SOLD
IMAGE: Matthew Sherry, Frank Petz, Rob Schlesinger & Daniel Hincks DATE: 01/29/2025 ADDRESS: 15 Broad Street MARKET: Boston, MA ASSET TYPE: Office BROKERS: Frank Petz, Matthew Sherry, Rob Schlesinger & Daniel Hincks (@D_Hincks) - Colliers (@ColliersInternational) SALE PRICE: $13,500,000 SF: 75,914 ~ PPSF: $177

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$720,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65