Griffith Properties LLC & Artemis Real Estate Partners Acquire $72M Office Building In Boston
20 Guest St, Boston, MA 02135, Estados Unidos
$72,000,000
$31/SF
Building Size
2,289,120 SF
Asset Type
Office
Closing
Oct 25, 2020
AI
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
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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93