Updated Oct 28, 2024
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
About this deal
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
Boston Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Massachusetts office sales on Traded.
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