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20 Guest St, Boston, MA 021...

Griffith Properties LLC & Artemis Real Estate Partners Acquire $72M Office Building In Boston
SOLDOffice

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

Coleman Benedict

JLL

Broker

$585.1M

vol

8 deals

Broker
Artemis Real Estate Partners
Artemis Real Estate PartnersBuyer
NG
NB Development GroupSeller

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