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15 Broad Street

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

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:

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 Sherry

Colliers

Broker

$1.3B

vol

27 deals

Broker

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