facebook
Traded Co logo
Submit
Daily limit: 0/10

Azora Exan Capital Acquires 7 Post Office Square Office Building In Boston

Property Image
SOLD
$41,000,000
Brooke Howard
Chris Angelone
+ 4

Massachusetts

See Similar Deals
Office64,246 SF
Sold 08/31/2023
the dealplayerscompscontact
Property Image
SOLD

Azora Exan Capital Acquires 7 Post Office Square Office Building In Boston

7 Post Office Square Boston, MA 02110, USA

See Similar Deals
Office64,246 SF
Sold 08/31/2023
Brooke Howard
Chris Angelone
+ 4
Contact now

Summary

MASSACHUSETTS
Asset Type:Office
Price Per Square Foot:$638
Total Square Footage:64,246 SF
Transaction Type:Sale

Azora Exan Capital has acquired the 64,246-square-foot office building located at 7 Post Office Square in Boston, Massachusetts, from Nuveen Real Estate for a total sale price of $41,000,000. JLL facilitated the transaction as the broker representative for both the buyer and the seller.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $41,000,000
  • Square Footage: 64,246
  • Address: 7 Post Office Square, Boston, MA
  • Market: Boston, MA

The buyer, Azora Exan Capital, represented by Ignacio Gil-Casares and Nicolas Guemes, successfully acquired the office building. Nuveen Real Estate, with Dave Dyer and Ines Olesen as their representatives, was the seller in the deal. The transaction was facilitated by JLL, with Brooke Howard, Chris Angelone, Coleman Benedict, Rachel Bliss, Scott Carpenter, and Scott Tully Jr acting as the brokers on behalf of both parties.

Players

Coleman Benedict
8 deals$585.1M volume(617) 848-1567
BROKER

Chris Angelone
JLL
24 deals$2.2B volume(617) 316-6466
BROKER

Brooke Howard
JLL
7 deals$198.9M volume
BROKER

Scott Carpenter
JLL
6 deals$145.7M volume
BROKER

Scott Tully Jr
JLL
3 deals$119M volume
BROKER

Rachel Bliss
JLL
2 deals$119M volume
BROKER


Nuveen
SELLER

Nuveen
LENDER

Details

SOLD
IMAGE: Coleman Benedict, Rachel Bliss, Chris Angelone, Brooke Howard, Scott Carpenter & Scott Tully Jr DATE: 08/31/2023 ADDRESS: 7 Post Office Square MARKET: Boston, MA ASSET TYPE: Office BUYER: Azora Exan Capital - Ignacio Gil-Casares & Nicolas Guemes SELLER: Nuveen Real Estate (@NuveenInv) - Dave Dyer & Ines Olesen BROKERS: Brooke Howard, Chris Angelone, Coleman Benedict, Rachel Bliss, Scott Carpenter & Scott Tully Jr - JLL (@JLL) SALE PRICE: $41,000,000 SF: 64,246 ~ PPSF: $638 NOTE: Azora Exan Capital has acquired the 64,246-square-foot office building at 7 Post Office Square in Boston for $41 million, with Nuveen Real Estate as the seller and JLL facilitating the transaction.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,186,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$145,664.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$194,360.92
Annual Debt Service$2,332,331.01