Taurus Investment Holdings Acquires Office Complex In Newton, MA For $92M
7 Wells Ave, Newton, Massachusetts 02461, United States
$92,000,000
$243/SF
Building Size
377,696 SF
Asset Type
Office
Closing
Jan 5, 2022
AI
The office property located at 7-57, 75-85-95 & 199 Wells Avenue in Newton, MA, was sold for a total price of $92,000,000. The property has a total building square footage (BSF) of 377,696, resulting in a price per building square footage (PPBSF) of $244.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $92,000,000
- Address: 7-57, 75-85-95 & 199 Wells Avenue, Newton, MA
- Market: Newton, MA
- Buyer: Taurus Investment Holdings
- Seller: Angelo, Gordon & Co. & Jumbo Capital Management
The deal was facilitated by Christopher Gray, Peter Merrigan, and Sam Flood.
Players
Newton 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93