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55 Summer Street, Boston, M...

Phase 3 Real Estate Partners Inc Acquires Office Building On 55 Summer St In Boston For $106.6M
SOLDOffice

Phase 3 Real Estate Partners Inc Acquires Office Building On 55 Summer St In Boston For $106.6M

55 Summer Street, Boston, Massachusetts 02110, United States

$106,600,000

$8,884/SF

Building Size

11,998 SF

Asset Type

Office

Closing

Mar 28, 2022

AI

55 Summer St, located in Boston, MA, has been sold in a recent transaction. The office property, measuring at an undisclosed square footage, was purchased by Phase 3 Real Estate Partners Inc. The sale price for the property amounted to $106,600,000.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $106,600,000
  • Address: 55 Summer St, Boston, MA

Neil Fox captured an image of the property, showcasing its notable features. The sale of 55 Summer St marks a significant deal for Phase 3 Real Estate Partners Inc, demonstrating their active involvement in the Boston office market.

Players

PP
Phase 3 Real Estate PartnersBuyer

Boston Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93