Griffith Properties LLC & Artemis Real Estate Partners Acquire $72M Office Building In Boston
SOLD
$72,000,000
Massachusetts
See Similar DealsOffice2,289,120 SF
Sold
SOLD
Griffith Properties LLC & Artemis Real Estate Partners Acquire $72M Office Building In Boston
20 Guest St, Boston, MA 02135, Estados Unidos
See Similar DealsOffice2,289,120 SF
Sold
Summary
MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$31
Total Square Footage:2289120 SF
Transaction Type:Sale
The office property located at 20 Guest Street in Boston, MA has been sold for a total price of $72,000,000. The property spans over 228,912 square feet, resulting in a price per square foot of $315.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $72,000,000
- Square Footage: 228,912
- Price per Square Foot: $315
- Address: 20 Guest Street, Boston, MA
- Market: Boston, MA
The sale was facilitated by JLL, with Coleman Benedict, Kerry Hawkins, and Ben Sayles representing both the seller, NB Development Group, and the buyer, Griffith Properties LLC & Artemis Real Estate Partners.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,840,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$255,800.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$341,316.73
Annual Debt Service$4,095,800.79
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